Finance Act 2013 (c. 29)

PART 6 U.K. Other provisions

Powers U.K.

228 Data-gathering from merchant acquirers etc U.K.

(1) In Part 2 of Schedule 23 to FA 2011 (data-gathering powers: relevant data-holders), after paragraph 13 insert—

“Merchant acquirers etc

13A (1) A person who has a contractual obligation to make payments to retailers in settlement of payment card transactions is a relevant data-holder.

(2) In this paragraph—

• “payment card” includes a credit card, a charge card and a debit card;

• “payment card transaction” means any transaction in which a payment card is accepted as payment;

• “retailer” means a person who accepts a payment card as payment for any transaction.

(3) In this paragraph any reference to a payment card being accepted as payment includes a reference to any account number or other indicators associated with a payment card being accepted as payment.”

(2) This section applies in relation to relevant data with a bearing on any period (whether before, on or after the day on which this Act is passed).