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  • Shepherd Partnership

Businesses urged to check VAT details

HMRC has reported that form VAT 484 has been used in fraudulent attempts to gain access to businesses’ VAT repayments.

A HMRC spokesperson said: ‘We are taking action on the small number of cases where paper bank variation forms have been fraudulently used in an attempt to gain access to VAT repayments.  

‘We’re putting measures in place to stop this from happening while asking businesses to remain vigilant.’

Due to this risk, businesses are being urged to check their VAT details to ensure they are not victim to fraudulent activity.

The department is taking action to address this issue, including writing to businesses to confirm changes made to their details since January 2024.

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