British Treasury teams up with “private” credit rating companies
April 19, 2014 · By Charles Anthony
Big brother continues to obfuscate the divide between “public” and “private” industry:
HMRC has quietly launched a pilot programme that has released data about VAT registration for research purposes to three private credit ratings agencies: Experian, Equifax and Dun & Bradstreet.
To comply with the law, the private ratings agencies, which determine credit scores for millions of people and businesses, have been contracted to act on behalf of HMRC and are “therefore treated as part of the department” – giving them access to tax data about businesses that would otherwise be confidential.