MPs raise concerns over new tax powers

The Treasury Committee says it is very concerned because tax officials have a history of making mistakes,the BBC reports. Chancellor George Osborne unveiled the plan at this year's Budget. In the Budget, Mr Osborne outlined plans for new powers for HM Revenue and Customs (HMRC) to recover tax debts from anyone who owes more than £1,000 in tax or in tax credits. This would allow the tax authority to seize the tax owed directly from debtors' bank accounts. But the committee said the plan was problematic owing to HMRC's performance in the past when it has failed to accurately calcu...