Tax grab ‘undermines Magna Carta’: New HMRC powers to raid accounts and ISAs ‘would cut out legal process’

  • Measure will give HMRC power to freeze all but £5K of person’s assets
  • Can be used if authorities simply believe someone ‘appears’ to owe tax
  • The new tax grab powers were unveiled in the Chancellor’s Budget 

Read more: http://www.dailymail.co.uk/news/article-3158654/Tax-grab-undermines-Magna-Carta-New-HMRC-powers-raid-accounts-ISAs-cut-legal-process.html#ixzz3fnn7PyL7

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