Browsing articles in "Scam Warnings"

Telephone Scam Warning

Aug 4, 2016   //   by Ralph   //   Scam Warnings  //  Comments Off on Telephone Scam Warning

Scammers are targeting small business owners attempting to gain credit/debit card details over the telephone. In the report we have received the caller identified himself as “Dave from the Accountants” and said that he needed to take a payment over the phone to “bring down the bill a bit” as it was approaching the client’s credit limit. He went on to say that if the bill wasn’t brought down the accountant would have to stop work on the accounts until the bill was settled and this could lead to penalties for late submissions. The caller was very plausible and conversational and it is easy to see how a busy business owner could be taken in.

If you are contacted in this way please do not give your credit or debit card details over the telephone and call us on 01978 264846 (Wrexham) or 01691 654246 (Oswestry). If there is a genuine issue with your account you can then be sure that you are speaking with a representative of TA Gittins & Company and we will work with you to resolve any problem.

HMRC / Companies House Scam Warning

Aug 4, 2016   //   by Ralph   //   Scam Warnings  //  Comments Off on HMRC / Companies House Scam Warning

A fresh wave of scams are currently doing the rounds.  These include emails reminding you to claim your tax refund and trying to pressure you to do it before time runs out, supplying you with a link to create a government gateway account (which links to a false form to steal your information) and phone calls claiming to be from H M Revenue and Customs threatening legal action.If you receive an email that purports to be from any institution with whom you have a financial relationship, including HMRC, Companies House or your bank/credit card issuer, DO NOT click on any links or open any attachments.Should you suspect that the institution may have a need to speak to you about any issue, visit their official website or call the telephone number printed on your statement or official correspondence.

If you’ve been contacted by H M Revenue and Customs or Companies House and you are in any doubt as to the information given or asked for, call us and check the position. You can find Companies House fraud warnings here, and HMRC offer online security advice here. Neither Companies House nor HMRC will email you asking you to click on links to log into your online accounts.

PAYE, CIS, Entrepreneurs Relief, Floods, Scams & Tax Avoidance

Apr 5, 2014   //   by Ralph   //   Latest News, Scam Warnings  //  Comments Off on PAYE, CIS, Entrepreneurs Relief, Floods, Scams & Tax Avoidance

PAYE on YouTube

HMRC have published a three-step guide to help employers submit their final 2013/14 PAYE submission successfully on YouTube. I imagine it will be easy to find as PAYE generally does not provide much entertainment.

Quicker CIS repayments for Limited Companies?

Ever since the processing and repayment of tax deducted under the Construction Industry Scheme for limited companies was centralised in 2010/11 it has been a long drawn out process to obtain repayment from HMRC. It improved little in the following two years. HMRC due to the introduction of RTI can now commence repayments earlier and a target of fifteen days to process claims is now considered achievable

Entrepreneurs relief – don’t lose it

When you sell your business you want to obtain a Capital Gains Tax rate of 10% rather than the usual rates of 18% and 28%. This can result in huge tax costs if it is not dealt with properly. Common mistakes include rent being charged to the limited company for assets held outside the company; the company having significant investment assets; holding shares that do not qualify as they are not ordinary shares and do not carry voting rights. Of course the claim must be made on time, which is one year after the 31st January in the year after the tax year in which the disposal has been made.

HMRC’s flood helpline launched

HMRC have set up a helpline to assist those affected by the floods. We were very lucky here but in case you were affected the number is 0800 90479000800 9047900. HMRC will agree instalment arrangements, give practical advice where business records have been lost, suspend debt collection and cancel penalties. How long this will last given the current good weather I don’t know but it may be worth contacting them if you have suffered as a result of the floods.

Bogus emails from HMRC

If you get an email claiming to be from the tax office telling you that you have a tax refund awaiting your claim it will be a scam. HMRC never advise of tax refunds by email, only ever by letter. If you do receive one of these it should be sent to phishing@hmrc.gsi.gov.uk and you should then delete it permanently.

Are you a really a car dealer?

It seems difficult to believe that someone though that a tax avoidance scheme involving registering as a car dealer as a “side-line” and selling vehicles for minimal profit to show that capital of up to £10,000 was required would work. The finance costs for this loan of up to £10,000 were £5 million

(yes that’s right I said £5 million) creating a huge loss which was offset against other income, therefore obtaining a substantial tax advantage. The finance costs were described by the Judge as “absurd”. The details of the case are far more intricate, and above is just a summary, but surely it is best sometimes just to stick to playing records.

Ralph Robson can be contacted at his office at TA Gittins & Company Chartered Accountants on 01978 26484601978 264846 or via email below. If you would like a particular issue covered in this article please contact Ralph on ralph.robson@tagittins.co.uk

Companies House and HMRC Scam Emails

Dec 9, 2013   //   by Ralph   //   Latest News, Scam Warnings  //  Comments Off on Companies House and HMRC Scam Emails

It has come to our attention that a number of very convincing scam emails from both HMRC and Companies House are being circulated by online criminals.

These emails may ask you to click on a link or open an attachment. Doing so may cause your computer to be infected with a virus or lead to your personal information being intercepted.

If you receive an email that purports to be from any institution with whom you have a financial relationship, including HMRC, Companies House or your bank/credit card issuer, DO NOT click on any links or open any attachments.

Should you suspect that the institution may have a need to speak to you about any issue, visit their official website or call the telephone number printed on your statement or correspondence.

You can find Companies House fraud warnings here, and HMRC offer online security advice here.

Neither Companies House nor HMRC will email you asking you to click on links to log into your online accounts.

 

 

 

Government Gateway Scam Warning

Oct 24, 2013   //   by Ralph   //   Latest News, Scam Warnings  //  Comments Off on Government Gateway Scam Warning

One of our clients today received an email claiming to be from the Government Gateway and explaining what the Gateway is.  It included a link to the H M Revenue and Customs website and an attachment called ‘Government Gateway Reg Fom.zip’.

This is a two-pronged attack by hackers designed to infect your computer with a virus and to collect personally identifiable information by tricking you into entering your data into a fake website.

You should only receive an email from the Gateway if you have very recently registered and not as a result of anything that we have done.  If you do register, you will not be asked to download a form from the email.  If you receive any emails from H M Revenue and Customs that you are uncertain about, contact H M Revenue and Customs to check.  The best place to find the correct number to call, depending on the type of tax involved, is to go directly to the H M Revenue and Customs website which can be found if you type www.hmrc.gov.uk into your search bar.  You will also find that their site has a useful section under News and Updates which gives Security advice and some examples of current scam emails.

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