University students have been warned by HM Revenue & Customs (HMRC) that fraudsters are targeting them with a wave of fake tax scams.
HMRC is warning new students starting university that they could be targeted by scammers trying to steal their money and personal details.
https://www.gov.uk/government/news/hmrc-urges-universities-to-warn-new-students-of-tax-scams-danger
As new students start the academic year they can be particularly vulnerable to tax scams. Coupled with an increase in remote working due to the pandemic can leave students particularly exposed to the work of fraudsters. Fake emails, which use university addresses in a bid to appear legitimate, may tell people that they are owed money and encourage them to send their personal details.
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.
HMRC has written to universities, via Universities UK, asking them to help ensure their students know how to spot a scam and to raise awareness of this issue. These scams can offer fake tax refunds or help with claiming Covid-related financial support. HMRC has also seen frauds offering spurious support with reclaiming council tax, purporting to be from TV Licensing, the DVLA or ‘GovUK’.
Students can also be approached to act as ‘money mules’, with offers of reward to transfer funds through their own, genuine financial accounts, inadvertently laundering criminal funds.
Commenting on the warning, the Chief Executive of Universities UK, said:
‘The security and welfare of students is always a priority for universities. The message to students, at what is a particularly stressful time, is to remain vigilant and question anything that seems unusual. Any student who fears their account may have been misused is encouraged to speak to either university support services, their bank, or to the police via Action Fraud.’
If you are looking for more information; please book a call with us.
You need to register for VAT when your taxable turnover goes over £90,000 in any rolling 12-month period, or when...
UK-based sellers trading on Amazon, eBay, Etsy and similar platforms could soon see a very different VAT system. The government...
The property income tax rates April 2027 will introduce separate income tax rates for property income from 6 April 2027....
The Starbucks UK tax credit situation highlights that sales growth does not necessarily lead to tax liabilities. Despite reporting a...
VAT compliance is becoming increasingly difficult for UK businesses in 2026. With full implementation of Making Tax Digital and constant...
VAT For Barbers is a critical area of understanding for every barber and salon owner in the UK. Whether you’re...
The IHT business property relief changes 2026 introduced a significant restriction on how much qualifying business wealth can pass to...
The Autumn Budget 2026 will take place on Wednesday, 28 October, with Chancellor John Healey presenting the government’s fiscal plans....
Summary Yes, TikTok income is taxable in the UK. If your total self-employment income from TikTok and other side hustles...
You should consider a tax investigation specialist when an HMRC enquiry involves disputed figures, several taxes or accounting periods, possible...