Tender Details

Country: United Kingdom
Summary: Vat Split Payments Proof of Concept
GBT Ref No: 81899008
Deadline: 22 May 2023
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: 4000000
Notice Type: Tender
Document Ref. No.: -SR977701801
Purchaser's Detail:
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Description:
Title : Vat Split Payments Proof of Concept
Location Of Contract : United Kingdom
Industry : Point of sale (POS) software package - 48110000 Compliance software package - 48170000 Financial analysis software package - 48441000 Financial systems software package - 48442000 Banking services - 66110000 Financial market operational services - 66151000 Financial consultancy, financial transaction processing and clearing-house services - 66170000 Systems and technical consultancy services - 72220000 Custom software development services - 72230000 Systems analysis and programming services - 72240000
Value Of Contract : £4,000,000
Description : 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 to HMRC and the seller only receiv...
Documents:

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Vat Split Payments Proof of Concept - Uk Tender

The H M REVENUE & CUSTOMS, a Government sector organization in United Kingdom, has announced a new tender for Vat Split Payments Proof of Concept. This tender is published on UkTender under GBT Ref No: 81899008 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2023-05-22.

The estimated tender value is 4000000, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.