HMRC has tendered for a technology partner to provide a system that can use predictive analytics to identify areas of insolvency risk. The contract value is £5M.
The system will be used to ensure HMRC gets the tax it is owed by companies by alerting HMRC if a firm is at risk from insolvency.
"The analytics solution, therefore, will need to be sufficiently flexible for HMRC to adjust or rebuild it to retain its functionality after changes to HMRC's IT infrastructure."Good luck with that then!
Tax does have to be taxing.
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