The Treasury select committee has warned that proposals announced in the Budget to give HMRC powers to access taxpayers' bank accounts to recover outstanding tax debts ‘could develop into a return to Crown preference by stealth’ and required stringent oversight to prevent abuse

The finance arm of luxury car maker, Mercedes-Benz, has won an appeal at the Upper Tribunal (UT) over whether a motor vehicle finance agreement, called ‘Agility’, was a supply of goods or services, which resulted in the timing of the payment of output tax of about £160m relating to approximately one year, writes Stan Dencher