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HMRC warns taxpayers over fraudulent emails

HM Revenue & Customs is warning taxpayers to beware of fraudulent emails offering tax rebates.

HMRC says it would not inform customers of a tax rebate via email, or invite them to complete an online form to receive a rebate of tax.

An example email asks individuals for personal details including name, address, contact number and mother’s maiden name.

Financial-related questions include the recipient’s bank card number and the three-digit security number on the back of the card.

Email addresses used to distribute the tax rebate emails include,, and others.

The HMRC says: “Do not visit the website contained within the email or disclose any personal or payment information.”

Visit the HMRC website for example emails


Cazenove multi-manager view: Too far, too fast?

Equity markets have been on a power surge since their March lows. The S&P 500 has now rebounded a full 50% over the last five months. Only in 1930 did we witness a stock market rally of this magnitude over such a short time frame. Then, like now, the market was propelled higher by super-charged policy stimulus and tentative signs of economic improvement. Unfortunately, in the absence of an upturn in final demand, the market soon ran out of steam and eventually bottomed more than 80% lower in 1932! Should we be concerned? Probably.


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