HM REVENUE & CUSTOMS now has the power to collect debts of less than £3,000 by including them in a taxpayer’s PAYE code.
The taxman was already able to include underpayments in tax codes, although the new power – effective this month – will now enable it to do this whether the taxpayer agrees or not.
The first PAYE coding notices to include these debts were issued between January and March this year, to make deductions from salaries or pensions in 2012/13.
HMRC will not be changing tax codes during the year to recover debts or overpayments unless it is notified of a change in circumstances.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy