ODUG developing business case
This data request has been included in the work ODUG is undertaking on the UK VAT Register. For further information, please see http://data.gov.uk/open-data-user-group-benefits-cases-for-release-of-data
Data request description:
This dataset should contain non-sensitive information from VAT registration forms for non-incorporated companies on the VAT Number, Business Name & Address, Legal form, contact information (telephone, fax, email, website), business activities (e.g. SIC code), turnover, date of establishment, date of registration, ceasing registration & other business associations.
The data is subject to restrictions because of commercial confidentiality
The data for unincorporated data is not currently made available within the Companies House information (which only covers incorporated companies).
Members of the Business Information Providers Association and other organisations would use the data to improve the accuracy of business decisions in the UK. This could take the form of providing better credit scores to lenders so successful small businesses could access credit facilities that they are currently denied. Current scores are estimated to be 40% lower than they should be due to the lack of data. The Business Secretary has proposed setting up a new Bank to handle this lending. The release of this data would enable existing lenders to provide reliable, compliant lending decisions without any further government funding (reported to be £1 billion). This data would enhance current decisions which are currently made on an absence of negative data by giving access to positive data. It could also help cut the risk of fraud which has been seen to be rising in recent years (9% increase in 2011 of commercial fraud).
Safer, more reliable lending decisions for unincorporated businesses leading to better access to funding for successful organisations. This will encourage these businesses to grow which benefits the entire country (UK PLC & society).