Credit Card to Pay Credit Card billPayment by credit card for the credit card invoice
You can no longer pay your taxes with a credit card.
The taxpayer is to be forbidden to pay their accounts with credit card, as it came out last evening. However, from 13 January - just two week before this year's date for the self-assessment declaration - the financial officer will refuse all credit card transactions. It is a reaction to new EU legislation which prohibits all companies, HM Revenue and Customs included, from passing on the 1.5% charges levied by credit card companies for processing any credit card transaction.
From 2016 to 17, HMRC transferred about 3 million pounds of credit card charges levied by bankers to clients.
Is it possible to pay my taxes with a credit card?
We fear we may have poor news if you are resident in the UK and plan to pay your income taxes with a credit card - this payment method was eliminated on 13 January 2018. The HMRC is no longer able to charge banking fees for credit card payment transactions.
EU law, which entered into force on that date, forbids dealers (including HMRCs) from reclaiming the related charges from them. Whilst the stripe is that you can now benefit from free use of your tickets when shopping in stores - you won't be able to use a credit card to pay your Self Assessment bill.
Is it possible to pay my income taxes with a credit card? In spite of the critique of the lack of notification, at the end of December 2017 the HMRC sent out reminders in addition to the fiscal laws, which were declared: If I intended to pay my income taxes by credit card, what should I do?