Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the long-term implications of increased use of digital payments and financial technologies for tax collection, and what steps they are taking to ensure that revenue collection remains effective.

HMRC undertakes regular Payment Innovation landscape reviews, looking at the UK and international payment ecosystems, emerging payment technologies, and innovations relevant to tax administration and payment systems integration. This includes working with the payments sector and tracking usage of payment types.

HMRC has developed and published its Payment Strategy which sets out how it will keep pace with new and emerging technologies for payments.