Some of you may have received emails recently highlighting ‘exclusive access’ to Inland Revenue (IR) data.
We’re glad the market is excited, we are too. But the current framework is limited, temporary, and being reviewed. We’re focused on what comes next.
CreditWorks continues to work closely with IR as they finalise the new tax default reporting framework. We’ve reviewed IR’s Commercial Default Schema and provided feedback on 24 March, and we’re actively preparing for onboarding.
IR has confirmed that:
• Contractual, security, and technical onboarding is underway with CreditWorks
• Only 61 cases have been reported in FY26 so far – a modest start, with volumes expected to increase gradually
• Remedial legislation is expected to be passed shortly, with new notification requirements taking effect from 1 April 2026
• They are committed to ensuring their systems, agreements, and security protocols are ready, and they will keep us informed as they progress.
Myth: “Exclusive access means exclusive value.”
Reality: “Value comes from accuracy, context, and long‑term stability, not from a short‑term monopoly.”
CreditWorks Group provides extensive, real-time credit data and historical insights, helping businesses understand the deeper credit risks and payment behaviours of their customers. Our secure and comprehensive services ensure that companies can make informed decisions based on a complete picture. Discuss with us today how we can help you with comprehensive credit reporting and monitoring of your customers.
Please note that due to the vast amount of data required to produce these reports, most of which is accessed from a multitude of external sources, there is an inevitable time delay in their generation. However, we prefer to defer their publication in favour of ensuring greater accuracy.