John Healey has granted the HMRC new powers to directly access bank accounts to recover outstanding tax debts. This new step allows the agency to take money directly from accounts, aimed at enhancing tax recovery. 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, aimed at enhancing tax recovery,” — Amara Sterling, chief correspondent at Newwell Field Advisory, explained.
Timeline
Nov 5 — John Healey has granted the HMRC new powers to directly access bank accounts to recover outstanding tax debts....
Nov 6 — The move comes as part of the 2026 Budget, aiming to enhance the agency's ability to recover tax debts more ef...
This story has been closely followed by our readers since Nov 5. The Newwell Field Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: A detailed recap is expected by Wednesday, Nov 11.
Editor's note: this report was prepared by the Newwell Field Advisory desk and last updated 06:40 UTC.
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