HMRC has launched a technical consultation seeking feedback on proposals to strengthen the quality and consistency of third-party data it receives regarding interest income and card sales transactions. The initiative aims to improve data reliability through better utilisation of information provided by financial institutions and payment processors. The consultation invites responses from affected businesses and stakeholders on how HMRC should refine its data collection methods to enhance compliance and reporting accuracy.
Source: HMRC (GOV.UK) – Read the original