Published date: 29 July 2025

Last edited date: 31 July 2025

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 3 September 2024, 2pm

Contract summary

Industry

  • Banking services - 66110000

  • Financial consultancy, financial transaction processing and clearing-house services - 66170000

  • Foreign exchange services - 66180000

Location of contract

United Kingdom

Value of contract

£55,020,000

Procurement reference

CW102246

Published date

29 July 2025

Closing date

3 September 2024

Closing time

2pm

Contract start date

4 July 2025

Contract end date

3 July 2037

Contract type

Service contract

Procedure type

Restricted procedure (above threshold)

A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

His Majesty's Revenue and Customs (HMRC) is the UK's tax, payments and customs authority and collects the money that pays for the UK's public services and gives financial support to people.

Government Banking sits within HMRC and is the banking shared service provider to Government and the wider public sector, providing banking services to over 600 organisations.

To deliver the direct-to-bank model and facilitate payments in and out of Government, Government Banking contracts with commercial banks.

This contract will be enabled for use by GB customers including Government departments, executive agencies, non-departmental bodies, and the wider public sector.

This Lot 3 contract has been awarded for an initial term of 8 years with four 12 months possible extension options.

More information

Attachments

Award information

Awarded date

3 July 2025

Contract start date

4 July 2025

Contract end date

3 July 2037

Total value of contract

£55,020,000

This contract was awarded to 1 supplier.

CITIBANK N.A. LONDON BRANCH

Address

Citigroup Centre,
Canada Square,
Canary Wharf,
London
E14 5LB

Reference

Companies House number: BR001018

Value of contract

£55,020,000

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Chloe Hobbs

Address

100 Parliament Street
London
SW1A 2BQ
England

Email

chloe.hobbs1@hmrc.gov.uk