NI Tax avoiders to be forced to pay off bills sooner

HMRC will now demand faster payments of income tax and national insurance from people in Northern Ireland and the rest of the UK using disclosed avoidance schemes.

The new rules mean HMRC will hold onto disputed tax while the individual case is ongoing.  This means in the event of a court case, HMRC will hold on to the disputed amount until the disagreement is settled. HMRC would have to repay interest on the cash to the individual if the case is not successful.

The Treasury says that at its peak the government will be clawing back over £1bn in revenue in 2015-16 and 2016-17.

George Osborne referred to the changes as giving HMRC “modern powers to collect debts from bank accounts of people who can afford to pay but have repeatedly refused to, like most other western countries”.

Wilson Nesbitt Solicitors based in Belfast, Northern Ireland can assist you with any tax compliance issues and help if you have been selected for a tax enquiry.  If you need to talk with one of our tax advisors please contact us by calling 0800 840 9288.