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HM Revenue & Customs Relaxes Plans to Seize Owed Taxes from Accountholders
By Irene Madongo
printBritain's tax enforcer Friday revised its plan to seize money from delinquent taxpayers, extending the time debtors have to appeal the decisions and bolstering independent oversight of the program. The U.K.'s HM Revenue & Customs (HMRC) disclosed the Direct Recovery of Debts plan last spring as part of a broader budgetary proposal. The powers would allow HMRC to draw funds accounts held for individuals who owe 1,000 pounds in taxes or tax credits and have failed to respond to the agency's queries. On Friday, the agency said it had revisited the plan in light of input from dozens of industry...
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