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Direct recovery of debts regulations

The Enforcement by Deduction from Accounts (Imposition of Charges by Deposit-takers) Regulations, SI 2016/Draft, are open for consultation until 8 January 2016.

The Enforcement by Deduction from Accounts (Imposition of Charges by Deposit-takers) Regulations SI 2016/Draft are open for consultation until 8 January 2016. These set out when banks and building societies may pass on an administrative charge to debtors for processing a HMRC direct recovery of debt ‘hold’ notice. See www.bit.ly/1I6rFZv.

Also the Enforcement by Deduction from Accounts (Prescribed Information) Regulations SI 2015/1986 come into force on 25 January 2016 following HMRC consultation. These specify the information deposit-takers will have to provide on receipt of either an information notice or hold notice to enable HMRC to determine whether direct recovery of a tax debt from a taxpayer’s bank account is appropriate under new powers contained in F(No. 2)A 2015 Sch 8. 

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