‘Opaque’ tax system leads to scams

Image copyright Getty Images

Fraudsters are using a lack of transparency in the UK’s tax system to steal people’s money, an expert has said.

Chas Roy-Chowdhury of accountancy body ACCA said ordinary taxpayers were the weak point in the battle against fraud.

They should not be criticised, he said, as con-artists were exploiting the lack of interaction with the authorities.

On Wednesday, the BBC revealed how fraud reports to HM Revenue and Customs (HMRC) had risen sharply.

Recommended For You

Video Ads 2.0 Success Kit PLR

Get this Up-to-date "Video Ads 2.0 Success Kit" with PLR Rights and start cashing in huge by selling it as your own.

Clickopia Reseller 50 ** NOTICE - THIS REQUIRES CLICKOPIA PURCHASE **

Reseller Privileges to 50 Accounts of Clickopia. Notice - You must have purchased Clickopia prior to purchasing this reseller offer.

BBC Radio 5 live’s Wake Up to Money reported that cases had risen to about 85,000 a month now, compared with 70,000 on a typical month last year.

These are cases when fraudsters contact potential victims via phone, text or email, claiming to be from HMRC, and often suggesting people are owed a tax refund or need to pay more.

HMRC said there had been a big rise in the number of phone scams, from just a few hundred last year to 10% of all scams now.

Image copyright Getty Images

Fraudsters often “spoof” the official HMRC phone number, which appears on the screen of the recipient’s phone to make it look believable. HMRC said it would never get in touch by phone, email or text.

Mr Roy-Chowdhury, who is head of taxation at ACCA, said that it was understandable that people were tricked.

Recommended For You

Covert Content Curator

Auto blogging upgrade plugin specifically designed for use with the Covert Gawkr theme.

PixelMate Agency

DFY Agency Marketing Materials + Agency Training

IM AFFILIATE FUNNEL 2.0

IM Affiliate Funnel 2.0 - Affiliate Marketing Strategies To 5 Figure Promotions. Limited Time Special Offer.

“The weakest link is the taxpayer. It is difficult to be too critical of the taxpayer and HMRC because many of the scammers are using the opaqueness of tax and our interactions or lack of with HMRC to steal the taxpayers money,” he said.

“Most people are scared of HMRC and regardless of how fully up to date their tax affairs are will always, because of the opaqueness of tax, give HMRC the benefit of the doubt and think they have underpaid.”

He suggested people checked that any correspondence with HMRC tied in with an individual’s tax assessment.

He also urged people to look up the official HMRC phone numbers before calling, rather than assuming any number they were told was correct.

“It is a new world we live in when it comes to tax scams, don’t be a victim and do your own due diligence. Just a few simple checks to avoid being taken for a ride,” he said.

Original Article : HERE ; This post was curated & posted using : RealSpecific

Thank you for taking the time to read our article.

If you enjoyed our content, we'd really appreciate some "love" with a share or two.

And ... Don't forget to have fun!

Recommended For You

Traffic Revival DFY Blog

This is the "Done For You" Blog service

Madsense Reborn 2.0 - OTO 1

How Complete Newbies Turn A $5 Budget Into THOUSANDS Per Month Working Just 30 Minutes Per Day! TIME TESTED System That Works For ANYONE!

Recommended Products

Viral Video Jackpot V1 Downsell - Personal Rights

Complete Biz In Box with Personal Rights - 10 High-Quality Video Social Media Memes,10 'Eye-Catching' Static Social Media Memes,10 Unique Articles,10 Enthralling Articles on other aspects of Asian Cooking

Lifetime Stock Video Reseller 3-Pay 20

Reseller Privileges to 20 Accounts of Lifetime Stock Video

Leave a Reply