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HMRC Gains Raid Powers for Joint Accounts, Up to £10,000

By Drooid · Oct 29, 2026 · How we work

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Chancellor John Healey gave HMRC powers to raid joint bank accounts for unpaid taxes.
From July 2029 HMRC may deduct up to £5,000 from individuals and £10,000 from companies.
The Treasury expects the scheme to raise £320 million in 2031-32.
HMRC will notify the non-debtor and allow a 28-day objection period before deductions.
Tax adviser Nimesh Shah warned the power could be misused and increase hardship.

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Chancellor John Healey gave HMRC powers to raid joint bank accounts for unpaid taxes.
From July 2029 HMRC may deduct up to £5,000 from individuals and £10,000 from companies.
The Treasury expects the scheme to raise £320 million in 2031-32.
HMRC will notify the non-debtor and allow a 28-day objection period before deductions.
Tax adviser Nimesh Shah warned the power could be misused and increase hardship.