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- Sitting 2
04 June 2020
Type
Public Bill Committee
At a Glance
Issue Summary
The MP is addressing concerns about the impact of tax disputes on individuals and families.
Action Requested
Revenue and Customs has committed to not forcing people to sell their main home or declare bankruptcy, except in unusual circumstances. They will adhere to principles that no more than half of someone’s disposable income should go towards settling a tax dispute. Settlement processes include basic time periods for different income levels: five years for those earning under £30,000 and seven years for those earning over £30,000.
Key Facts
- Revenue and Customs will not force people to sell their main home or declare bankruptcy except in unusual circumstances.
- No more than half of someone’s disposable income should go towards settling a tax dispute.
- Settlement process time periods: five years for those earning under £30,000; seven years for those earning over £30,000.
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