- 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
Latest Posts in "United Kingdom"
- UK Considers 20% VAT on Private Hire Rides in Upcoming Budget
- VAT Beginner’s Guide: Essential Basics for UK Business Registration and Rates
- When Do You Have to Charge Yourself VAT? Key Situations Explained
- Supreme Court Clarifies VAT Group Rules and Time of Supply Interplay
- Isle of Wight NHS Trust vs HMRC: VAT Exemption Dispute on Locum Medical Practitioners
