HMRC issues ‘tax refund companies’ alert
Newsletter issue – June 2024
HMRC is warning against being hooked by self-professed ‘tax refund companies’ claiming they can help you reduce your tax bill. Â
The organisation is running a campaign to highlight that some of these ‘tax experts’ will offer to make expense claims "on your behalf, just so they can claim a commission – even if it turns out you aren’t eligible to claim ". Â
"If someone promises easy money and it sounds too good to be true, it probably is," HMRC says. Â
"Handing over your personal information could mean you end up having to pay back the full amount of any invalid claim made on your behalf, including any commission an agent has already taken." Â
It advises people to undertake thorough research. Of course, this is why it’s so important to speak to a verified, qualified, experienced accountancy professional about anything to do with your tax-related matters. Â
If you think you may be eligible for a tax refund, have a question, or want to understand more about an aspect of your tax obligations, please get in touch with us and our team will be very happy to offer informed guidance. Â
Saving money on your Mileage and Tax Bill
Are you like many of our clients, somewhat struggling at keeping track of your mileage to offset... Read More
Posted on Wed, 19 Aug 2015
TWITTER
Tweets by @OWSupportThe Government has published a policy paper confirming the abolition of the Furnished Holiday Lettings (FHL) tax regime....
In 1989, Conservative Chancellor Nigel Lawson decided to change the rules around Capital Gains Tax so that it was applied at whatever the...
In four months' time, the first reports are due for compliance with the new Digital Platform Reporting rules....
The Government has published details of a new tax treaty with Ecuador. The UK and Ecuador signed their first comprehensive double tax treaty on 6...
I'm interested in investing in a startup and I’ve heard about the Seed Enterprise Investment Scheme. I'm considering investing...
New advisory fuel rates for company cars take effect...