Criminals broke into tax returns attempting to steal £100m, HMRC admits

Tax office detects 17,000 fraud cases

clock • 1 min read

Criminals have attempted to break into people's online tax returns and steal up to £100m in bogus refunds, HMRC has admitted.

HMRC said it is aware of cases where criminals harvested log-in details from shared computers used by taxpayers to complete their online returns to alter the returns and divert refunds to their bank accounts. Last year alone the tax office checked 3.4 million returns and identified 17,000 attempts to claim almost £100m in bogus tax repayments, the Daily Mail reported. The admission came after Sunday Times journalist Jackie Annesley had her tax return hijacked by criminals who used it to steal more than £1,800 from HMRC. A spokesperson for HMRC told the Daily Mail their computer sys...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

Demand for IHT mitigation increases as more fall into threshold

Demand for IHT mitigation increases as more fall into threshold

‘Asset prices and nil rate band freezes are creating a perfect storm’

Isabel Baxter
clock 03 April 2024 • 1 min read
Upcoming CGT changes prompting UK investors to create wealth plans

Upcoming CGT changes prompting UK investors to create wealth plans

More than half want to secure their current and future investment gains

Isabel Baxter
clock 02 April 2024 • 2 min read
Majority of advisers think NI cut will not boost pensions savings

Majority of advisers think NI cut will not boost pensions savings

Only one in ten think people will put the extra cash into pensions savings

Isabel Baxter
clock 11 March 2024 • 1 min read