Don’t PIN your hopes on paying your tax by credit card
If you have in the past paid your tax bill using a credit card, you will need to use a different method this year.
That is because credit card payments to HM Revenue & Customs (HMRC) have fallen victim to a Government initiative originally intended to make it easier to pay for goods and services in this way.
The last five years have seen HMRC pass on £50 million in credit card charges to taxpayers, according to The Telegraph.
An HMRC spokesman told The Telegraph: “We will no longer be accepting personal credit card payments from the 13 January as new rules mean that we can no longer pass on what our bank charges for processing a credit card payment.
“It would be unfair to expect other taxpayers to pick up this cost. There is a range of ways for people to pay us depending on the type of tax being paid, including debit cards, Direct Debit, Faster Payment and BACS.”
For more information, contact Baines Jewitt on 01642 632032