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HMRC is taking money directly from bank accounts after resuming rules which were paused during the Covid crisis. HMRC is set to enter bank accounts to retrieve cash from taxpayers after having previous powers reinstalled.

Kevin White, a personal finance expert, warned UK households could see cash "vanish". Taking to TikTok, he said: "Did you know that HMRC can now reclaim any overdue tax bills directly from your bank account?

"Using powers that were turned off during Covid, they've recently turned them back on. So that means, if you owe tax of over £1,000, they can come to you directly and take it out of your bank account; however, there are some conditions before they can do it.

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