A tax rebate firm has been banned by HMRC after it was found to have committed serious anti-money laundering breaches following an investigation by the tax office.
Tax Credit Ltd has been stopped from operating as a repayment agent and about 11,000 customers who had their claims stopped while Tax Credits Ltd was under investigation will now receive their tax refund directly from HMRC.
Despite it being free and simple to arrange your own tax rebate from HMRC, firms such as Tax Credit Ltd charge to do the claim for you and sometimes even imitate the official HMRC website. Tax Credit Ltd took 48% of any tax rebate due.
