PERSONAL CREDIT CARD PAYMENTS NOT TO BE ACCEPTED BY HMRC

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  7th Dec 2017 - 18:48 7th Dec 2017
SAJID SYED
ON THE SPOT ACCOUNTA...

PERSONAL CREDIT CARD PAYMENTS NOT TO BE ACCEPTED BY HMRC

 

HMRC will no longer be accepting payments from personal credit cards with effect from 13 January, 2018.

This is because of a change in EU law, which removes the ability for merchants including HMRC to charge back fees for payments made by personal credit cards. HMRC being a public funded body could only accept credit card payments on the basis that there is no cost to the public purse.

As the new law takes effect before the end of January, it may catch some taxpayers off-guard who are waiting nearer to the deadline of 31st January to make their payments. If you intend to use your personal credit card to make a payment, it is a good idea to do it before 13th January, 2018.

Payments though corporate, business and commercial credit cards as well as personal debit cards, direct debit, faster payment, BACS or CHAPS will not be affected.

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