Student tax scam warning

HMRC is warning new students starting university that they could be targeted by scammers trying to steal their money and personal details. As new students start the academic year, they can be particularly vulnerable to tax scams. This is especially prevalent if they have a part-time job and are new to interacting with HMRC. This year, there is a significant increase in the numbers of students attending university and means that more young people may choose to take on part-time work. 

Many tax scams are directly targeting university students. Fraudulent emails and texts will regularly include links which take students to websites where their information can be stolen. Between April and May this year, 18- to 24-year olds reported more than 5,000 phone scams to HMRC.

These scams often offer fake tax refunds which HMRC does not offer by SMS or email.  Students can also be approached to act as ‘money mules’, with offers of various rewards for transferring funds through their own, genuine financial accounts, inadvertently laundering criminal funds.

Commenting on the warning, HMRC’s Head of Cyber Security Operations at HMRC, said: 

‘Our advice is to be wary if you are contacted out of the blue by someone asking for money or personal information. We see high numbers of fraudsters contacting people claiming to be from HMRC. If in doubt, our advice is – do not reply directly to anything suspicious, but contact HMRC through GOV.UK straight away and search GOV.UK for HMRC scams’ .

Source: HM Revenue & Customs Sun, 19 Sep 2021 00:00:00 +0100

Latest articles

Notifying cessation of self-employment

Any taxpayers that have ceased to be self-employed must notify HMRC of their change in status. There are a number of steps that must be followed if a taxpayer ceases trading as a sole trader or if they are ending or leaving a business

Submitting CIS nil monthly returns

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in the construction industry. Businesses in the construction industry are known as ‘contractors’ and ‘subcontractors’ and should be

Check employment status for tax

The Check Employment Status for Tax (CEST) tool can be used to help ascertain if a worker should be classified as employed or self-employed for tax purposes in both the private and public sector.

The service provides HMRC’s view if IR35 legislation

Class 1A payment deadline

Class 1A NICs are paid by employers in respect of most benefits in kind provided to employees such as a company car. There is no employee contribution payable. If you provided taxable benefits to staff or directors your business is likely to have a