HMRC have confirmed that they now have new powers to request data from Merchant acquirers. These are financial institutions that process all debit and credit card transactions on behalf of UK businesses.
They will be using this data to identify people or businesses who are underdeclaring their income.
Please come and talk to us if you have not declared all your business income, we can help sort things out with HMRC.
For more information please see below:
http://www.hmrc.gov.uk/news/merchant-aquirer.htm
They will be using this data to identify people or businesses who are underdeclaring their income.
Please come and talk to us if you have not declared all your business income, we can help sort things out with HMRC.
For more information please see below:
http://www.hmrc.gov.uk/news/merchant-aquirer.htm