New HMRC information powers
Date: 23rd September, 2013 | Author: Cathy Corns | Comments: 0
HMRC can now obtain information on all credit and debit card payments to UK businesses. The new powers allow HMRC access to merchant acquirer data with effect from 1 September 2013. Under the new powers, HMRC can find out the number and value of transactions completed by a specific trader. No personal data identifying the card owners or card numbers will be obtained.
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