ICAEW.com works better with JavaScript enabled.

HMRC warns of VAT bank details fraud

Author: ICAEW Insights

Published: 26 Apr 2024

Form VAT 484 has been used in fraudulent attempts to gain access to businesses’ VAT repayments.

A business can update its VAT details with HMRC online or using paper form VAT 484. This includes the business’ contact information, return dates and bank details. HMRC has reported that VAT 484 has been used in fraudulent attempts to gain access to businesses’ VAT repayments.  HMRC is taking action to address this issue, including writing to businesses to confirm changes made to their details since January 2024. 

ICAEW’s Tax Faculty is urging businesses to act now to ensure that they are not caught out. This includes checking that the bank details are correct in the business’ tax account, and that any expected repayments have been received.  Although it is primarily repayment traders that have been targeted, the Tax Faculty is aware of at least one case where the business was normally in a payment position. All VAT-registered businesses should remain vigilant. 

Members who come across this are encouraged to send details to Ed Saltmarsh.

Latest on business tax
The Tax Faculty

ICAEW's Tax Faculty is recognised internationally as a leading authority and source of expertise on taxation. The faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.

Further resources

Latest news
Making tax digital image

Stay up to date with the latest developments in tax by signing up to the Tax Faculty's weekly e-newsletter

Practical guidance

Comprehensive support for Tax practitioners each month from the Tax Faculty and expert contributors.

Technical support
Tax Faculty image

Expert advice from the Tax Faculty's technical managers on all the developments in tax policy and practice.

Open AddCPD icon

Add Verified CPD Activity

Introducing AddCPD, a new way to record your CPD activities!

Log in to start using the AddCPD tool. Available only to ICAEW members.

Add this page to your CPD activity

Step 1 of 3
Download recorded
Download not recorded

Please download the related document if you wish to add this activity to your record

What time are you claiming for this activity?
Mandatory fields

Add this page to your CPD activity

Step 2 of 3
Mandatory field

Add activity to my record

Step 3 of 3
Mandatory field

Activity added

An error has occurred
Please try again

If the problem persists please contact our helpline on +44 (0)1908 248 250