Source: https://tendernation.io/opportunities/01a13c50-ec73-7304-8ca7-5520037fe395/tax-compliant-banking-products-exploration-and-proof-of-concept-poc pending GB open procedure Suitable for SMEs # Tax-Compliant Banking Products Exploration and Proof of Concept (POC) [H M Revenue & Customs](https://tendernation.io/buyers/h-m-revenue-customs) Estimated value Not stated Published 7 Dec 2020 Deadline Rolling deadline ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender HM Revenue & Customs invites suppliers, including those from the financial industry & FinTechs, to contribute to building our knowledge regarding the possibility of using real-time transaction data in banking products for streamlined tax determination, automatic calculation and payment to HMRC, simplifying this process for tax payers. This Request for Information invites suppliers to provide information you think may help HMRC and the financial industry develop the concept. ### FOCUS Currently Small and Medium Enterprises (SMEs), sole traders and self-employed individuals are required to manually complete and submit a Self-Assessment tax return. We want to fully understand the feasibility and potential uses of accessing real-time transaction data through Open Banking (OB) directly from business banking products and the application of automated tax determination, calculation and payment to HMRC. We plan to investigate what activity might be centralised to a bank account or banking application to simplify the process for tax-paying customers, and what related functionality, connectivity and regulation would be required by all involved parties for this to work. ### SCOPE •How can we make tax calculation frictionless for everyday business transactions? •How feasible is it to calculate and take tax in real-time in / from business banking products, and submit it directly to HMRC? •What activity can feasibly be centralised to banking products to support and simplify the preparation and calculation of income tax, VAT, Corporation and other taxes (e.g. self-assessment tax) for small and medium enterprises / sole traders / self-employed customers? •How can we better leverage the PSD2 mandate to give open access to banking data in order to improve products and services available for the sole trader and small businesses population? •What appetite is there for this amongst sole traders and small businesses? •How can we determine if there is a user need within the targeted user group? Full details of the purpose and intended deliverables for this project are provided within the RFI and as an attachment to this notice. The RFI is scheduled to close on 31/12/2020 HMRC use an HMRC version of SAP Ariba Sourcing, Suppliers are requested to register with the HMRC version of SAP Ariba (see Additional Information and the Ariba Supplier Guidance for further details of how to register), review the background information provided within the RFI and respond to a brief set of questions giving your feedback on the areas HMRC are seeking to increase our knowledge. Additional information: HMRC use an HMRC version of SAP Ariba Sourcing, full guidance on how to register is provided in the attachment to this notice entitled 'Ariba Supplier Guidance'. Suppliers using HMRC's Ariba for the first time will need to register at [hmrc.supplier-eu.ariba.com/ad/register/SSOActions](http://hmrc.supplier-eu.ariba.com/ad/register/SSOActions?type=full) As part of the registration process you will receive an email. Once you have obtained your account ID (AN) number, please email with the following information: - contract title & reference (Tax-Compliant Banking products exploration & Proof of Concept (POC); SR ), - your organisation's HMRC SAP Ariba account ID, - your organisation name, - your name, - your email address, - your telephone number. Read full description ## CPV classification Investment management and tax preparation software package Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/314e59a6-539c-4b37-973e-fe2547b974af) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. [Track tenders free](https://tendernation.io/register) [Buyer profile H M Revenue & Customs: past awards and live tenders](https://tendernation.io/buyers/h-m-revenue-customs) [Sector More Software packages & information systems tenders](https://tendernation.io/sectors/software-information-systems) ## More tenders like this [ITT - Recruitment Applicant Tracking System - UID 390M · Historic England · 25 days left · 14 Nov 2026](https://tendernation.io/opportunities/01a15a0a-9b20-7264-be39-cba502acf16a/itt-recruitment-applicant-tracking-system-uid-390m) [Servers – Dodávka Cisco Catalyst Center · Ústav organické chemie a biochemie AV ČR, v. v. i. · 31 days left · 20 Nov 2026](https://tendernation.io/opportunities/01a156a9-9f50-7023-a3e7-14aa2b5fbe03/czechia-servers-dodavka-cisco-catalyst-center) [Software package and information systems – System wykrywania anomalii w ruchu SMTP w oparciu o Self-Learning AI · Narodowy Bank Polski · 30 days left · 19 Nov 2026](https://tendernation.io/opportunities/01a156a9-6291-7294-b080-d589aa9cf0c0/poland-software-package-and-information-systems-system-wykrywania-anomalii-w) [Software package and information systems – AutoDesk Lizenzen · Hamburger Energienetze GmbH · 24 days left · 13 Nov 2026](https://tendernation.io/opportunities/01a156a9-63e1-72f3-8854-0907e37f21fa/germany-software-package-and-information-systems-autodesk-lizenzen) [IT software package – Dostawa pakietów subskrypcji Microsoft albo pakietów równoważnych · Państwowa Inspekcja Pracy Główny Inspektorat Pracy · 35 days left · 24 Nov 2026](https://tendernation.io/opportunities/01a156a9-98e4-702f-a918-9b94f1198862/poland-it-software-package-dostawa-pakietow-subskrypcji-microsoft-albo-pakie) [Software package and information systems – Smart život a služby v meste Liptovský Mikuláš · Mesto Liptovský Mikuláš · 21 days left · 10 Nov 2026](https://tendernation.io/opportunities/01a156a9-8b56-73a0-8eb6-a47a2de359b0/slovakia-software-package-and-information-systems-smart-zivot-a-sluzby-v-mes)