Direct debit

Change bank? Changes to levies to simplify matters

Consumers will more easily be able to reverse regular deductions from their bank accounts, such as gym fees or streaming subscriptions, as part of the next wave of services to be delivered over a high-speed payment system. The changes, which are expected to roll out from the end of 2021, are also expected to make […]

Direct debit

IRS Adds New Pre-Authorized Direct Debit Payment Option to Credit Debt Collection Program

The Internal Revenue Service added a pre-authorized direct debit payment option to allow taxpayers to pay off their tax debts to credit collection agencies that contract with the IRS. The IRS relaunched the Debt Collection Program in 2017 due to legislation passed by Congress in 2015, despite earlier issues with the program when it had […]