Tag: HMRC
PSR notes social media’s role in scams ahead of Black Friday...
Black Friday is here, and though the somewhat ominous sounding name does not usually spell dread for bargain hunting shoppers,they have been cautioned about...
HMRC leads the way in combatting fraud with £300m investment
HMRC has invested nearly £300m to bolster its defences against rising fraud levels. This money will directly affect the UK tax office’s compliance and fraud...
Ecospend HMRC payments indicative of UK’s embrace of Open Banking
Ecospend, an Open Banking platform operated by Swedish payments provider Trustly, has provided an update on its relationship with HMRC.The London-based firm has been...
Ecospend records jump in Open Banking payments
Open Banking payments provider Ecospend has revealed a steady growth in the use of its services by UK consumers. The company outlined that since February...
Paysafe finds 80% of users want to pay via crypto
Payments solution firm Paysafe has revealed that a staggering 80% of owners of its crypto wallet prefer to make transactions via cryptocurrencies. The lack of...
BNPL consultation opened by HMRC
Following a decision in February 2021 that saw the government reveal its intention to bring unregulated interest-free BNPL products into regulation, HMRC has launched...
HMRC reports 6% drop in gambling income
HM Revenue & Customs (HMRC) has reported that its industry tax income has fallen overall by 6% on corresponding 2019/2020 financial year results.Publishing its...
Ecospend lands open banking government contract to boost HMRC efficiency
Ecospend, the UK fintech powering open finance ecosystems, has landed the first Government open banking contract awarded, which outlines HMRC’s future needs to streamline...
HMRC issues record sanction for money laundering
HM Revenue and Customs (HMRC) has issued a record £23.8m sanction for money laundering and breaching strict regulations aimed at preventing criminals from laundering...
