Social media users are being warned that HMRC could check their summer holiday photos in a tax crackdown. Experts are urging people to think twice before showing off their wealth online because HMRC could decide a luxury lifestyle doesn't tally with how much tax people declare. Tax barrister Andy Wood said: "Even your public social media posts are being scrutinised, as they can provide evidence of suspected financial discrepancies.
" He further added: "This includes posts, photos, and videos that may suggest a lifestyle inconsistent with reported income or assets, evidence which can trigger investigations into your finances. Frequent posts about luxury holidays and expensive purchases by someone reporting minimal income can raise some red flags. Make sure it aligns with your financial declarations to help prevent misunderstandings and potential investigations.
" Read More: HMRC issues tax refund letters to almost eight million workers due to PAYE system errors Get all the latest money news and budgeting tips from Chronicle Live with our free newsletter Public posts are “fair game” for HMRC which will use your online activity to corroborate other evidence, said Adam Collins, marketing expert at IgniteSEO. "Suspicious activity can trigger HMRC audits, requests for additional documentation, and interviews," Mr Collins said. He warned taxpayers to review their privacy settings, reports BirminghamLive.
"Ensure your social media privacy settings are up-to-date. Be mindful of what.