New HMRC information powers
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.
Date: 23rd September, 2013
Articles from this Author
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
We have a new opportunity in our Milton Keynes office for an Audit Apprentice click on the link to apply… twitter.com/i/web/status/1…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole