Tax rebate firm Tax Credits Ltd shut down by HMRC after MSE investigation 20 February at 4:07PM edited 20 February at 4:18PM in Cutting tax 3 replies 301 views

MSE_Emily

Tax rebate firm Tax Credits Ltd has been shut down after her Majesty's Revenue and Customs (HMRC) found it had committed serious anti-money laundering breaches. The closure follows a MoneySavingExpert.com (MSE) investigation that found the firm was alleged to have submitted claims using forged signatures...

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Tax rebate firm Tax Credits Ltd shut down by HMRC after MSE investigation - here's what you need to know

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4justice2

https://www.lancashiretelegraph.co.uk/news/23336202.hmrc-bans-tax-credits-ltd-operating-agency/

sergio9320

My autistic brother was cold called into giving his details to a similar company called Reclaim Now. They then claimed his tax rebate from previous years. I am at a loss is to how HMRC allowed this to happen without proper checks and how Reclaim Now were able to establish that he had tax due to him.

sheramber

sergio9320 said:

My autistic brother was cold called into giving his details to a similar company called Reclaim Now. They then claimed his tax rebate from previous years. I am at a loss is to how HMRC allowed this to happen without proper checks and how Reclaim Now were able to establish that he had tax due to him.

They don’t know there was a refund due. They work on the probability of there being one. Sometimes they make false claims to produce a refund and pocket a large percentage of it. HMRC carry out checks later and  , if found not to be correct, they reclaim the full amount from the taxpayer, not the claims company.