Award

Vat Split Payments Proof of Concept

H M REVENUE & CUSTOMS

This public procurement record has 1 release in its history.

Award

11 Oct 2023 at 14:15

Award Notice
Summary of the contracting process

The contracting process for the Vat Split Payments Proof of Concept was awarded to STREEVA LTD by H M Revenue & Customs. The contract, valued at GBP 1,175,100, falls under the services category and involves the development of a proof of concept illustrating VAT extraction from real-time payment channels. The procurement method was an open procedure above the threshold, with a tender period ending on 22nd May 2023 and a contract period starting on 21st August 2023 and ending on 31st January 2025.

This tender presents an opportunity for businesses in the financial services and consultancy sectors to showcase their expertise. Companies specializing in financial analysis software, compliance software, banking services, and custom software development would be well-suited to compete in this procurement process. H M Revenue & Customs, the buying organization, aimed to illustrate how split payments of VAT on real-time payment channels could be implemented, creating a niche for businesses with relevant experience and capabilities.

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Notice Information

Notice Title

Vat Split Payments Proof of Concept

Notice Description

His Majesty's Revenue and Customs (HMRC) invited 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-097a66eb-a115-4c54-afdf-e8454b7eeaec
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ab293777-e8ff-4931-9fc9-426250575ae2
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services

72 - IT services: consulting, software development, Internet and support

CPV Codes

48110000 - Point of sale (POS) software package

48170000 - Compliance software package

48441000 - Financial analysis software package

48442000 - Financial systems software package

66110000 - Banking services

66151000 - Financial market operational services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

72220000 - Systems and technical consultancy services

72230000 - Custom software development services

72240000 - Systems analysis and programming services

Notice Value(s)

Tender Value
£1,175,100 £1M-£10M
Lots Value
Not specified
Awards Value
£1,175,100 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
11 Oct 20232 years ago
Submission Deadline
22 May 2023Expired
Future Notice Date
Not specified
Award Date
29 Aug 20232 years ago
Contract Period
20 Aug 2023 - 31 Jan 2025 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
H M REVENUE & CUSTOMS
Contact Name
James Power
Contact Email
james.power1@hmrc.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
SALFORD
Postcode
M2 5BS
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
Not specified
Local Authority
Manchester
Electoral Ward
Deansgate
Westminster Constituency
Manchester Central

Supplier Information

Number of Suppliers
1
Supplier Name

STREEVA

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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