Tax scam

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Email Tax Scam Targets Small Firms

Small businesses have been warned not to be taken in by a fake email purporting to be from HM Revenue & Customs (HMRC) promising a tax refund in exchange for bank details. The Institute of Chartered Accountants in England and Wales (ICAEW) has issued the caution after a number of businesses were taken in by the ‘phishing’ attack and gave out credit card or bank details. The head of the ICAEW’s tax faculty, Frank Haskew said: “Alarm bells should ring when you are asked to submit your credit card details – this is information you should not give out to anybody. HMRC never asks for this information but fraudsters are becoming increasingly savvy and the ‘tax refund’ document looks very convincing at first glance. “As people are getting ready ... »