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The government is considering granting HMRC new powers to recover unpaid tax directly from digital wallets. This is in light of comments received in response to its earlier consultation on modernising tax debt collection from non-paying businesses.
The government is focusing on the following proposals:
- extending taking control of goods powers to those with no UK assets or no assets at a principal place of business so that HMRC can seize assets at other premises where their trade is not conducted such as third party warehouses;
- extending taking control of goods powers to in-house leasing;
- extending direct recovery of debt powers to include digital wallets; and
- security deposits from businesses who are repeatedly intentionally non-paying
Before consulting on these HMRC will investigate the scale of the problem of serial non-payers including an assessment of the legal barriers to introducing these new powers.
Dawn Register head of tax...
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