Data-gathering powers to be strengthened
Posted by mostafa on 3 August, 2015
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This item was filled under Tax
HMRC has launched a consultation Tackling the hidden economy: Extension of data-gathering powers. The government intends to extend HMRC’s powers to gather data from third parties. These would directly affect businesses that act as intermediaries or provide electronic payment services.
Finance Act 2013, s 228 has given HMRC powers to collect data from merchant acquirers – businesses that process credit and debit card transactions. …