The FT reports that the number of scam emails purporting to be from the HMRC has skyrocketed since the start of the year, as criminals seek to exploit financial fears over the coronavirus outbreak.
The number of phishing emails referring to Covid-19 reported to HMRC climbed to 42,575 in March — up 74 per cent since January.
The pandemic has led to a wider increase in fraud. According to Action Fraud, the UK’s fraud reporting centre, 1,713 people had lost £3.5m to Covid-19 related scams by May 15.
HMRC has stressed it will never email, text or message individual taxpayers on social media to offer a tax rebate or refund.
Taxpayers should forward any suspicious emails claiming to be from HMRC to firstname.lastname@example.org and send any suspicious texts to 60599. Consumers who receive suspect messages can also compare them with examples of scams published on the government’s web pages.
Tax does have to be taxing.
Tax Investigation Insurance
Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.
You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.
Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.
A Solar Protect policy will enable your Accountant (your tax return agent) to:
- Deal with any correspondence from HMRC
- Attend any meeting with HMRC
- Appeal to the First-tier Tribunal or Upper Tribunal
- Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly
- Premiums are Annual Premiums.
- Premiums are inclusive of 12% IPT.
- Premiums and IPT are due in full in advance / at commencement of scheme.
- There is a NIL excess on all policies.
Please click here for details.
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