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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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