⚡ HMRC Connect | Hotcake or Hot Mess?
Can you have your cake and eat it too? Here's Creator Crunch Issue 5 ⚡
What’s up family & Welcome to Creator Crunch—Your personal guide through the wild wild world of Creators 🌎...
In our bid to keep you looped in to all the specifics of the creator world, today’s issue is going to be short and informative.
Who here’s heard about HMRC Connect? Come on going once...
Incase you haven’t, here are a few things you should know about the system that HMRC have spent over £100 Million on developing.
Dubbed the ‘snooper computer’ HMRC Connect have developed a supercomputer designed to improve their ability at identifying those who are understating and underpaying their tax liability. So far since it’s release, it’s recovered over £3bn in tax.
How does it really work?
Well it’s simple.
In every tax return, tax payers will declare information in their tax returns, and HMRC will rely solely on this information given. However this super computer has changed the game. Not only does it scrape and access government data, and corporate sources, but now it also scrapes social media profiles to gain an idea of a taxpayers expenditure.
HMRC connect can also get access to things like:
- Visa and MasterCard transactions: Information on all payments
- Online platforms: Trading activity on eBay, Gumtree more
- Earnings: Income received from casual employers, details of company benefits and child benefit and maintenance payments
- The UK and overseas bank records: Information from banks in more than 60 countries
- Web browsing and email records: The ‘Snoopers Charter’ allows HMRC to access digital information
With all this information, work that might have taken investigators years, can be done within seconds. Damn!
Y’all heard of the puppy that got hushed ?
Damn tough crowd.
Well we don’t need to go into his situation in too much detail, but Ramon Abbas, more commonly known as ‘HushPuppi’ flaunted his frivolous lifestyle on social media, from excursions in his private jet to his luxury cars, his platform brought attention to millions of invested fans worldwide, with an addition of the big guys—The authorities. The interest triggered an investigation in which HushPuppi was found guilty for countless cases of International Fraud.
Now this doesn’t directly affect you, as I’m certain none of you are 419’ers. However with social media being a main vehicle for your growing communities then I guess you get me when I say the bigger you get, the more eyes are on you. Now this isn’t to say post less, this is to say know more.
Now with an additional super eye as a part of the audience, you do not want to get caught in a sticky situation that could be avoided - Alexa, play Drake - Hold On, We're Going Home
We’ve all heard this line before, but you can’t have your cake and eat it too. So to keep it 💯 with you, compliance—Now more than ever, is quintessential.
(Insert ref to XPO Pro)
Sadly, we’ve reached the end of today’s issue of Creator Crunch (cue the tears) and I know you’ll miss me. But I promise I will be back in 2 weeks, so grab some tissues until then...No not for a slice of cake— Focus!
Peace, and love. JH
Told you i’d keep it short (damn i’m too good),