HMRC forced to decline Credit Card Payments

If you thought you were going to pay your tax bill with a personal credit card in January 2018, then think again!

EU rules are forcing HMRC to change their policy in January.

https://www.gov.uk/pay-tax-debit-credit-card

You won’t be able to pay with a personal credit card from 13 January 2018.

This change was instigated by the Second Payment Services Directive (PSD2), which outlined that there could be no onward charging consumers for credit or debit cards. This includes HMRC who have said that they cannot absorb the costs of the merchant providers for credit card facilities and therefore no payments will be taken by credit card. Debit cards payments will still be possible, as the underlying costs are not as high.

This is happening at the peak of self assessment time! so it will be a nightmare for tax payers

steve@bicknells.net

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