Avoid Tax scams with less than 2 months until the 2018-19 HMRC Self-assessment deadline

Avoid self assessment tax scams

With less than 2 months to the 2018-19 Self Assessment submission HM Revenue and Customs (HMRC) is giving information to taxpayers to help them avoid scams ahead of the Self Assessment deadline.

HMRC is warning millions of Self Assessment taxpayers to be aware of fraudsters in the run up to the 31 January deadline.

Over the last year, HMRC received almost 900,000 reports from the taxpayers about suspicious HMRC contact, in the form of phone calls, texts or emails. Of these more than 100,000 were phone scams and over 620,000 reports related to bogus tax rebates.

According to HMRC the most common techniques fraudsters use include phoning taxpayers offering a fake tax refund, or pretending to be HMRC by texting or emailing a link to a false page, where their bank details and money will be stolen. Fraudsters are also known to threaten victims with arrest or imprisonment if a bogus tax bill is not paid immediately.

HMRC’s Customer Protection team identify and close down scams but taxpayers should recognise the signs to avoid becoming victims. HMRC does not contact taxpayers asking for their PIN, password or bank details. Taxpayers are warned that they should never give out private information, reply to text messages, download attachments or click on links in texts or emails which they are not expecting. (Internet link: GOV.UK news)

We recommend that with less than 2 months to the deadline, and the festive period almost upon us, if you’ve not already started the process, to start it now.  This enables you to have time to collate all the information you need, an ability to liaise with your accountant and hopefully will help avoid that stressful, late rush to file at the end of January.

Our self-assessment tax return services can either be provided as a stand alone service or integrated into a wider scope of accountancy services for your business.  We utilise HMRC-approved software to calculate your tax liability, finalise your tax return, submit the return ahead of the deadline and confirm to you the tax owed and when payment is due. More details of our Self Assessment and wider Taxation services.

For a free initial consultation on your 2018-19 self-assessment obligations ahead of the 31st January 2020 deadline, call our friendly and experienced team today on 0121 753 5522

Alternatively, you can drop us a line using our online enquiry form and we’ll be in touch to outline how we can help take away the worry of self-assessment.