HM Revenue & Customs (HMRC) has, this week, increased its powers to be able to take up to £17,000 each year, for tax debts, directly from individuals accounts.

Previously the limit was £3,000, but has now been substantially increased.

This change will not affect those earning less then £30,000, who will continue to be subject to the £3,000 limit.

This is expected to generate additional revenue for HMRC, and so it is expected the powers will be excercised, if required to recvoer outstanding tax liabilities.