Feedback sought on improvements to collecting information from payment service providers
The Government is seeking feedback on proposals that would allow Inland Revenue to regularly collect bulk information about electronic transactions from payment service providers. Information requested would be aggregated information, and would not identify individual people buying goods or services.
Currently Inland Revenue requests this information on an ad hoc basis. Moving to the regular collection of this information would help Inland Revenue to provide more timely and targeted support to taxpayers and improve fairness in the tax system.
For more information about the proposals see the discussion document Regular dataset collection from payment service providers. The closing date for submissions is 20 August 2021.