1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Goverment will have power to take money from your bank account

Discussion in 'Serious' started by Risky, 20 Mar 2014.

  1. Risky

    Risky Well-Known Member

    Joined:
    10 Sep 2001
    Posts:
    4,098
    Likes Received:
    37
    http://blogs.telegraph.co.uk/techno...c-power-to-raid-your-bank-account-like-wonga/

    I don't like this one bit. If you get into a dispute with the revenue they can just take whatever tax they think is due without any court order and they you have to fight to get it back (if you have any money left to pay for a lawyer).

    This won't affect the big fish with accountants and lawyers to move money out of reach, but will make it even harder for the ordinary individual or small busiess to argue their case against the revenue.

    I don't like the direction this is going in one bit.
     
  2. Gunsmith

    Gunsmith Maximum Win

    Joined:
    23 Sep 2005
    Posts:
    8,868
    Likes Received:
    1,186
    iirc the US do something similar but don't quote me on that.
     
  3. supermonkey

    supermonkey Deal with it

    Joined:
    14 Apr 2004
    Posts:
    4,955
    Likes Received:
    201
    Here in the US we have certain financial punishments for very specific cases. For example, you can be taken to court over delinquent child support payments, and one possible result is that the court garnishes a portion of your wages so that child support payments are made before you get your paycheck. Similar punishments can be levied against people who owe back taxes or who have a history of bouncing checks and/or missed payments on other debts owed.
     
  4. RTT

    RTT #parp

    Joined:
    12 Mar 2001
    Posts:
    14,120
    Likes Received:
    74
    I'm more interested in how Wonga do it - is it via a Direct Debit?
     
  5. Risky

    Risky Well-Known Member

    Joined:
    10 Sep 2001
    Posts:
    4,098
    Likes Received:
    37
    I suppose you have to sign a direct debit mandate to get the loan.
     
  6. Teelzebub

    Teelzebub Up yours GOD,Whats best served cold

    Joined:
    27 Nov 2009
    Posts:
    15,796
    Likes Received:
    4,484
    Last I heard the Church of England has shares in Wonga so I would imagine they use an "Act of God" :hehe:
     
    Last edited: 20 Mar 2014
  7. Nexxo

    Nexxo Stopped treating this country as if it was his own

    Joined:
    23 Oct 2001
    Posts:
    33,719
    Likes Received:
    1,305
    And I thought that "Cash Converters" were just a pawnbrokers. :p
     
  8. shah

    shah New Member

    Joined:
    29 Jan 2010
    Posts:
    751
    Likes Received:
    21
    Well one step closer to totalitarianism? What will be next....DNA sampling etc..
     
  9. Kovoet

    Kovoet New Member

    Joined:
    26 Aug 2009
    Posts:
    7,129
    Likes Received:
    348
    Let them try is all I have to say
     
  10. shah

    shah New Member

    Joined:
    29 Jan 2010
    Posts:
    751
    Likes Received:
    21
    This is going to as easy as click of a button for them now.

    I would like the gov to close the tax loopholes first... None of the big corporation pay tax... effectively they pay a much smaller percentage of their profits then an ordinary person. This is builions in tax.

    I think it will be easier for the gov to introduce a central database where they can have all the personal information regarding everyone in the country. This could be extended to where they work and if taxes paid etc...

    And STOP wasting tax money
     
  11. Risky

    Risky Well-Known Member

    Joined:
    10 Sep 2001
    Posts:
    4,098
    Likes Received:
    37
    Simplify the tax system and it reduces the scope for avoidance. Add new rules and schemes and it is good for tax accountants.

    Any sensible tax reform should result in redundancies at HMRC. If you've ever doen a payroll you will realised how ridiculous NI is and that there is no earthly reason to separate it from Income tax unless you want to obscure how much really goes to the governement.
     
  12. Corky42

    Corky42 Where's walle?

    Joined:
    30 Oct 2012
    Posts:
    9,482
    Likes Received:
    346
    I would love for them to go after the big corporation but the problem with that is they have the money, lawyers and accountants to defend them selves. It's a lot easier to go after the people who don't have the ways and means to defend them selves.
    Could not agree more if i tried :) IDS seems to love the idea of a universal benefit system (single payment) if only we had a similar TAX system.
     
  13. Anfield

    Anfield Well-Known Member

    Joined:
    15 Jan 2010
    Posts:
    5,314
    Likes Received:
    436
    Nope, they (ab)use CPA (continuous payment authority).
     
  14. MightyBenihana

    MightyBenihana Do or do not, there is no try

    Joined:
    8 Sep 2011
    Posts:
    1,315
    Likes Received:
    48

    Fixed that for you.

    I lot of people here seem to still be confused, who do you think the government works for?

    I work for the person who pays me. And so do they. When most politians leave government where do they go? Oh yeah, big business/regulators/lobby groups, who pay a damn sight more than being in government. You want in on this gravy train then don't rock the boat.

    We all know how the system should work and let this cloud our judgement when we try to actually see how it is working.
     
    Last edited: 21 Mar 2014
  15. shah

    shah New Member

    Joined:
    29 Jan 2010
    Posts:
    751
    Likes Received:
    21
    Could not agree more.

    Exactly. So what is the point to democratic system where things are dictated by the very few?
     
  16. Corky42

    Corky42 Where's walle?

    Joined:
    30 Oct 2012
    Posts:
    9,482
    Likes Received:
    346
    Because democracies give us the illusion that we have some form of say in things, that way we are less likely to blame the select few and send them to the guillotine. :D
     
  17. RTT

    RTT #parp

    Joined:
    12 Mar 2001
    Posts:
    14,120
    Likes Received:
    74

    ah yes :duh:
     
  18. Weekly_Estimate

    Weekly_Estimate Gives credit where its due

    Joined:
    1 Feb 2010
    Posts:
    3,239
    Likes Received:
    303
    Good thing I keep my money under my bed!

    Sent from my C5303 using Tapatalk
     
  19. Ljs

    Ljs Well-Known Member

    Joined:
    4 Sep 2009
    Posts:
    2,217
    Likes Received:
    113
    Given how amazingly incompetent HMRC are as an organisation, this is a scary prospect.
     
  20. penryn 2 hertz

    penryn 2 hertz I'm not a science fiction writer...

    Joined:
    10 Jun 2010
    Posts:
    5,100
    Likes Received:
    185
    Intresting

     
Tags:

Share This Page