The names and bank details of up to 500,000 wealthy Britons holding money in offshore saving accounts will be passed to HM Revenue and Customs after the tax authority won an important court ruling yesterday. The Special Commissioners, the UK’s top tax court, ordered more than 300 UK and foreign banks to hand over details…
Tag: HM Revenue and Customs
Passwords stolen for tax returns
Gangs are stealing taxpayers’ passwords and submitting claims for tax refunds to be paid to them, HM Revenue and Customs has warned. A series of attempted fraudulent claims through the self-assessment repayments system has been discovered. No figures have been released outlining the extent of the fraud, but a HMRC spokesman said this was a…