Plans to rush through the imposition of direct recovery of debt (DRD) rules illustrate a lack of respect for the profession as consultation feedback is pretty much ignored, says Yvette Nunn, director of Berkeley Associates
Ask any group of professionals to value a business and using generally accepted principles of valuation relevant to the situation, though similar, the actual answer will differ by varying amounts. However, ask anyone in the profession about the Direct Recovery of Debts (DRD) and the answer will be the same. Don't do it.
We all agree that those who owe tax, should pay the tax they owe, that is not in doubt, but to take money direct from someone’s bank account, isn’t taking something without permission stealing?
Whatever our views on this might be, there is one other certain fact, DRD will happen. If you were intending to respond to the condoc [consultation document] issued on 6 May 2014 you needed to have submitted your points by 29 July.
