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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...

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