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HMRC Boosts Debt Recovery Powers Using Direct Recovery of Debts Method

1 report, 1 independent Updated Fri 00:00
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What happened

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Claire Cox explained that HM Revenue and Customs (HMRC) has boosted its debt recovery powers. Since April, HMRC has been able to use the Direct Recovery of Debts (DRD) method, which allows them to take money directly from debtors' current or savings accounts. This power was paused during the Covid 19 pandemic and has now returned.

From keighleynews.co.uk

Why it matters

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HMRC can now take enforcement action without needing permission from a county court. Under the DRD method, only accounts with more than £1,000 will be considered, and a minimum of £5,000 must remain in the account.

From keighleynews.co.uk

Who's involved

  • Claire CoxExplained how HMRC utilizes the government's debt recovery powers.
  • DRDThe method used by HMRC to take money directly from debtors' accounts.

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