Award

Provision of Proof of Concept for Split VAT Payments

H M REVENUE & CUSTOMS

This public procurement record has 1 release in its history.

Award

01 Sep 2020 at 15:06

Summary of the contracting process

The procurement process concerns the UK government's initiative titled "Provision of Proof of Concept for Split VAT Payments," aimed at modernising VAT collection through innovative payment processing technologies. This project falls under the custom software development services category and is managed by H M Revenue & Customs, based in London, England. The procurement method employed is a single tender action under the direct procurement category. The contract period began on 2nd June 2020 and is scheduled to conclude on 1st December 2020, with a total value of £50,000.

This tender presents significant opportunities for small and medium-sized enterprises (SMEs) that can provide bespoke software solutions and are well-versed in current payment processing technologies. Businesses with experience in developing effective tax compliance tools and systems would be particularly suited to compete for this contract. Such opportunities not only allow for immediate revenue generation but also position companies as strategic partners in advancing government objectives for fiscal efficiency.

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Notice Title

Provision of Proof of Concept for Split VAT Payments

Notice Description

The UK government wishes to modernise VAT collection so that it is fit for the 21st century, by harnessing the latest technologies in payment processing. We are therefore exploring the possibility of split payment for VAT to help to make tax collection more efficient, aiming to minimise administrative burdens for businesses and reduce the risk of tax revenue losses.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c2eac0ca-a9ec-4898-8166-fedaaac81c1a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/746d2a05-0093-4b11-8f51-e9747dec4fdc
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

72230000 - Custom software development services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
£50,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Sep 20205 years ago
Submission Deadline
1 Jun 2020Expired
Future Notice Date
Not specified
Award Date
1 Jun 20205 years ago
Contract Period
1 Jun 2020 - 1 Dec 2020 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
H M REVENUE & CUSTOMS
Contact Name
Greta Akintoye
Contact Email
greta.akintoye@hmrc.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

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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