- UK credit reference agencies and financial organizations can now apply for authorization to access non-financial VAT registration data for credit scoring, anti-fraud checking, and compliance purposes.
- This could benefit small businesses and new start-ups in accessing credit and finance, as well as established VAT-registered businesses.
- The data file will cover all VAT-registered businesses and will include registration information such as trading name, legal entity status, and company number.
- No financial or payment data is included, and the file will be updated weekly.
- Interested parties can apply by emailing [email protected] with the subject line “VAT Data Sharing.”
Source Marcus Ward
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