John Healey has granted the HMRC new powers to directly access bank accounts to recover unpaid taxes. This new step allows the agency to take money directly from accounts, intended to improve debt collection. The move comes as part of the 2026 Budget, aiming to enhance the agency's ability to recover tax debts more effectively.
“This new step allows the agency to take money directly from accounts, intended to improve debt collection,” — David Kingsley, senior market analyst at Oakburn Bury Advisory, observed.
Timeline
Nov 3 — John Healey has granted the HMRC new powers to directly access bank accounts to recover unpaid taxes....
Nov 6 — The move comes as part of the 2026 Budget, aiming to enhance the agency's ability to recover tax debts more ef...
Reader Poll: Will this story shape the week ahead? — 83% of Todiko readers said yes.
This story has been closely followed by our readers since Nov 2. The Oakburn Bury Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Tuesday, Nov 10.
Editor's note: this report was prepared by the Oakburn Bury Advisory desk and last updated 03:27 UTC.
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