what is hmrc cols on bank statement

If you see "HMRC COLS" on your bank statement, it means that you have received a payment from HM Revenue & Customs (HMRC) for Cost of Living Support. This payment is made automatically into the bank account where eligible customers receive their tax credits, and they do not need to do anything to receive it. The payment is tax-free, will not count towards the benefit cap, and will not have any impact on existing benefit awards. Customers should beware of scams targeting Cost of Living Payments, and if someone contacts them about this payment saying they are from HMRC or DWP, it might be a scam.