HMRC claim that no personal data, such as cardholder information or card numbers, will be collected. However, it will be able to acquire information relating to the number and value of transactions completed by any individual trader.
HMRC says it will analyse the data by cross-referencing and comparing with information it already holds to flag up and subsequently investigate noticeable differences.
Syria vote absentee David Gauke is quoted by economia:
“Tax evasion and the hidden economy cost the taxpayer £9bn a year. While the majority of traders are honest, they may find themselves undercut by the minority who seek to lower prices by cheating the tax system.The first requests for the data will be sent to merchant acquirers this week and from next year this will be an annual request.
The government has given HMRC nearly £1bn to tackle fraud and evasion, and these new powers give HMRC an extra tool to ensure a level playing field between businesses, and also reducing opportunities for those who try and cheat the system.”
Tax does have to be taxing.
Professional Cover Against the Threat of Costly TAX and VAT Investigations
Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.
Ken Frost has negotiated a 10% discount on any polices that may suit your needs.
However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.
What is Solar Tax Investigation Insurance?
Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.
To find out more, please use this link Solar Tax Investigation Insurance
HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"
No comments:
Post a Comment