 |
answer text |
<p>HM Revenue and Customs (HMRC) published the research ‘Report on use of non-financial
credit VAT registration data in trade credit scoring’ on 25 June 2014. This can be
found at <a href="https://www.gov.uk/government/consultations/sharing-and-publishing-data-for-public-benefit"
target="_blank">https://www.gov.uk/government/consultations/sharing-and-publishing-data-for-public-benefit</a>.
The report demonstrated that a controlled release of non-financial VAT registration
data would have significant benefits for business in securing additional trade credit.
Provisions to enable this are now in the Small Business, Enterprise and Employment
Bill currently before Parliament.</p><p> </p><p>The research report also identified
that there may be benefits for HMRC in such data sharing although, without further
work, it was not possible to quantify these. HMRC will consider how to follow up this
work.</p><p> </p><p> </p><p> </p>
|
 |
