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
20th July, 2017
Uncertain times for winding up transactions
3rd July, 2017
9th June, 2017
27th April, 2017
Government places Making Tax Digital legislation on hold
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole