Personal Credit Cards Banned for Tax Payments
In what will be unwelcome news for many, as from 13 January 2018 taxpayers will no longer be able to use personal credit cards to settle their self-assessment tax bills.
This comes as a result of the Government ban on credit and debit surcharges and it is feared the move could be detrimental to many small businesses.
The ban does not however apply to business credit cards, and payments can of course still be made via bank transfers or debit cards.
The changes will also apply to Stamp Duty, VAT and Corporation Tax, but not all government services will be affected.
This is further to the news that, as from 15 December 2017, Post Offices will no longer accept HMRC payments due to the withdrawal of the Post Office Transcash service.
For those who will struggle to make payment, you can contact the HMRC Business Payment Support Service on 0300 200 3835. Or if you’d like any further information please contact Green & Co on 01633 871122.
Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.