HMRC warns on latest tax refund scam

(2 minutes to read)

Following the recent scam where an automated phone call impersonates HMRC telling the victim that they are under investigation for non-payment of taxes, people are now being warned about emails and SMS messages promising tax rebates.

The tax authority is calling on people to be aware of a recent scam that has fraudsters using emails and text messages to get hold of victim’s savings.

HMRC is currently processing tax refunds after the end of the 2017 to 2018 tax year. However, criminals are taking advantage of this by sending out scam emails and SMS-messages to trick the public into thinking they have received a tax rebate so that they hand over their account and personal details.

Treasury Minister Mel Stride MP, the Financial Secretary to the Treasury, said, “HMRC only informs you about tax refunds through the post or through your pay via your employer. All emails, text messages, or voicemail messages saying you have a tax refund are a scam. Do not click on any links in these messages, and forward them to HMRC’s phishing email address and phone number.

“We know that criminals will try and use events like the end of the financial year, the self-assessment deadline, and the issuing of tax refunds to target the public and attempt to get them to reveal their personal data. It is important to be alert to the danger.”

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Many of these fraudulent emails and texts include links which take the user to dubious websites where their information can be stolen.

These sites are a focus of HMRC’s efforts to tackle fraud. In March 2018, it requested 2,672 phishing websites be taken down and received 84,549 phishing reports. This kind of phishing is expected to continue in the coming months as genuine tax refunds are issued.

Income Tax for 6thApril 2017 to 5thApril 2018 will be calculated over the coming months and anyone owed a genuine tax rebate will receive a tax calculation letter by post between June and October.

If you haven’t paid the right amount at the end of the tax year, HMRC will post you a tax calculation. This can be a P800 or a Simple Assessment letter. If you have paid too much tax, the letter will explain how you can get your refund paid to you. If you have not paid enough tax, the letter will tell you how much you owe and how you can pay.

To find out more about contracting please contact James on 01442 795 100 or email james.trowell@dolanaccountancy.com.

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Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

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If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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