Will a minimum wage rise trigger unexpected student loan repayments?
11 February 2025
Unfortunately, receiving fictitious texts or emails asking to provide bank details is something that many people receive regularly.
However, HM Revenue & Customs (HMRC) has warned tax credits customers to be aware of scams attempting to gain access to their personal information or finances.
As the deadline to renew claims fast approaches (31 July 2022 for most claimants), fraudsters may take advantage of the increased correspondence to mimic HMRC.
Ahead of 31 July, approximately 2.1 million customers are set to renew their annual claims. Yet, HMRC has already had almost 277,000 referrals for suspected scams in the 12 months leading up to April 2022.
How can you spot a scam?
When it comes to spotting scams, you must be vigilant.
With technological advances, scammers can use many devices to fool people, including phone calls, text messages, emails, and websites.
Typically, scammers will attempt to frighten you by claiming that your personal information has been leaked, or that direct debits have failed. According to the scammers, providing your bank details can swiftly rectify this.
Another common tactic that fraudsters use includes offering unexpected tax rebates, or grants, which then ask you to click a link and enter your details to redeem.
When it comes to tax credits, HMRC has stated that they do not charge customers to renew their annual claims. Therefore, any correspondence that appears to be from HMRC yet demands payment should raise red flags.
If you suspect that something you received is a scam, do not click any links or provide any personal information. You can report suspected scams posing as HMRC here.
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