ACCA warns against using rogue tax-return companies
Accountancy body ACCA has issued a warning to employees on the dangers posed by some online tax refund service providers seeking to manage people's PAYE claims.
ACCA said that such service providers also pose a risk regarding the harvesting of personal data, and that their fee structure could act as an incentive to illegally overstate refund claims for customers when submitting returns on their behalf.
The group added that its professionals throughout Ireland have found an increase in this type of service which is specifically seeking to target people at the same time as the Government introduces its new information technology systems to record wages online, from January next year.
The Government's new system requires that employees keep their online records up to date and it has a very simple process for reclaiming tax credits and refunds.
Some unqualified online service providers seek taxpayers to provide exactly the same information as will be required by the Government's new system and simply transcribe the information across.
"These customers have no clear route to a right of redress should they find themselves out of pocket," said ACCA chairman Stephen O'Flaherty.
"We would strongly advise people never to accept a percentage of a refund payment arrangement or to agree to any submission whereby the details are erroneous."