VAT Split Payments
His Majesty's Revenue and Customs (HMRC) invites interested persons (Tenderers) to tender for a contract to develop a Proof of Concept (PoC) to illustrate how extraction of VAT from payments (split payment) on real-time payment channels could work. The concept of the PoC is the idea that a payment might be split into elements which are then routed to different destinations. In a VAT context that is the notion that when qualifying goods or services are bought, the VAT within the purchaser's payment could be routed t...
Buyer
H M REVENUE & CUSTOMS
Value
£4,000,000
Published
20 Apr 2023
Closes
22 May 2023
Procurement details
Source
Find a Tender
Region
United Kingdom
Procurement method
Open
Category
Services
Contract starts
Not provided
Contract ends
Not provided
CPV classifications
66110000
Banking services
48110000
Point of sale (POS) software package
48170000
Compliance software package
48441000
Financial analysis software package
48442000
Financial systems software package
66151000
Financial market operational services
66170000
Financial consultancy, financial transaction processing and clearing-house services
72200000
Software programming and consultancy services
Lots
Lot 1 VAT Split Payments
Value not provided
His Majesty's Revenue and Customs (HMRC) invites interested persons (Tenderers) to tender for a contract to develop a Proof of Concept (PoC) to illustrate how extraction of VAT from payments (split payment) on real-time payment channels could work. The concept of the PoC is the idea that a payment might be split into elements which are then routed to differe...
Delivery: United Kingdom
Documents
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Contains public sector information licensed under the Open Government Licence v3.0.