Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Budget 2014: chancellor pledges to raise £4bn from tax avoidance

2 Comments
Budget 2014: chancellor pledges to raise £4bn from tax avoidance

The chancellor has estimated it will be able to raise £4 billion from tax avoidance powers introduced in today's budget.

George Osborne said the number of 'registered tax avoidance' schemes had been halved, but said the Treasury would do more.

That would include plans allowing tax officers the power to directly deduct cash owed from tax avoider's bank accounts, he said.

'We will give HMRC modern powers to collect debts from bank accounts of people who can afford to pay but have repeatedly refused to, like most other Western countries,' he told the House of Commons.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The Brewin & Barclays alum bringing the City to Brighton

Profile: The Brewin & Barclays alum bringing the City to Brighton

Stepping away from the corporate world was a big step for David Pegler and Tim O’Connor when they founded Brighton Capital Management

Wealth Manager on Twitter