New powers giving HMRC access to data from credit and debit card sales to help it find businesses evading tax could set a worrying precedent, a civil liberty group said.
The March Budget included measures to allow the Revenue to force banks to hand over the data from credit and debit card sales.
HMRC can now obtain data from merchant acquirers – the parts of banks which facilitate and deal with credit and debit card payments – about businesses that use their facilities.
Gaining access to this data will improve HMRC’s ability to identify businesses that are not declaring the full amount that should be paid, it said.
One privacy group was sceptical, however...
About Nick Huber
I’m a specialist business journalist and have a particular interest in tax and technology.