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Now taxman wants to trawl a YEAR of your bank statements under powers to raid bank accounts for unpaid tax

Posted By admin On July 9, 2014 @ 4:57 am In Money Watch | Comments Disabled

UK Daily Mail [1]
July 9, 2014

Intrusive new powers to spy on the last 12 months of everybody’s bank statements are being demanded by the taxman.

In a major escalation of its existing rights, Her Majesty’s Revenue and Customs wants to be able to access monthly copies of bank, Isa and even joint account statements.

This would mean sensitive personal details such as the size of families’ monthly mortgage payments, how much they spend in restaurants and the amount saved into a tax-free nest egg are open to scrutiny.

Last night, critics condemned the unprecedented power grab as ‘Big Brother’ tactics.

It is the latest twist in the furore over HMRC’s plans to take money directly from bank accounts to settle unpaid tax bills. 

Full article here [1]

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URLs in this post:

[1] UK Daily Mail: http://www.dailymail.co.uk/news/article-2684665/Now-taxman-wants-trawl-YEAR-bank-statements-powers-raid-bank-accounts-goes-unpaid-tax.html

[2] Concern at plan to let HMRC recover unpaid tax directly from bank accounts: http://www.prisonplanet.com/concern-at-plan-to-let-hmrc-recover-unpaid-tax-directly-from-bank-accounts.html

[3] Cyprus MPs vote down government raid on private bank accounts in defiance against IMF and EU central bank: http://www.prisonplanet.com/cyprus-mps-vote-down-government-raid-on-private-bank-accounts-in-defiance-against-imf-and-eu-central-bank.html

[4] Japan plans to raid dormant bank accounts to raise new revenue: http://www.prisonplanet.com/japan-plans-to-raid-dormant-bank-accounts-to-raise-new-revenue.html

[5] The Global Elite Are Very Clearly Telling Us That They Plan To Raid Our Bank Accounts: http://www.prisonplanet.com/the-global-elite-are-very-clearly-telling-us-that-they-plan-to-raid-our-bank-accounts.html

[6] Federal government now ruthlessly stealing thousands of dollars from small farmers’ bank accounts via ‘Bank Secrecy Act’: http://www.prisonplanet.com/federal-government-now-ruthlessly-stealing-thousands-of-dollars-from-small-farmers-bank-accounts-via-bank-secrecy-act.html

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