HMRC will be able to see information on credit and debit card payments made by businesses under new powers to help it reduce fraud.
The Revenue says it's new powers could reduce fraud by more than £50m per year.
HMRC can access information from the UK’s merchant acquirers – the companies that process card payment transactions – to 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...
About Nick Huber
I’m a specialist business journalist and have a particular interest in tax and technology.