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HMRC data is a trusted source. It provides a reliable view of an individual’s taxed employment and income history, offering businesses a government-backed dataset to confirm employment status. Given its official nature, it’s no surprise that many organisations rely heavily on it. But while HMRC data is undoubtedly useful, it isn’t a silver bullet.
Businesses that depend solely on HMRC data for verifications risk missing critical details that can impact hiring decisions, verification processes, and fraud prevention efforts. In reality, HMRC data provides only a partial picture of someone’s employment history—and failing to supplement it with additional data sources can leave businesses exposed to incomplete, outdated, or misleading information.
HMRC data is powerful, but some limitations make it unsuitable as a standalone verification solution. Here are some of the key challenges:
HMRC data plays an important role in employment and income verification, but it should never be the only source used in a verification waterfall. Businesses that rely solely on HMRC data risk:
🦯 Blind spots
🔧 A lack of automation
⚠️ Potential compliance issues
By combining HMRC data with payroll records, Open Banking, and advanced insights, businesses can achieve:
✔️ Greater accuracy
✔️ Faster decision-making
✔️ Better fraud prevention
Want to learn how a multi-source waterfall can transform your verification process?
➡️ Get in touch with us today to see how Konfir provides the complete picture.