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HMRC To Share Exporters Data

HMRC have announced a 12-week consultation on new laws that will give them the power to share certain data of exporter businesses with selected parties.  The aim of this initiative is to facilitate credit scoring, anti-fraud checking, and compliance with other financial regulation. Potential users of the data will include credit providers, credit reference agencies and other business information providers.

HMRC state that they “have made similar information on importers available for over 25 years and are not aware of any issues.”

Two links below lead to more information and the consultation.

HMRC’s Brief on the matter:

Consultation page:

 

 

 

 

 

 

 

Date: 30th June, 2014
Author: Richard Collier

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