HMRC have advised that from 13 January 2018, they will no longer be accepting payments from personal credit cards.
HMRC have accepted credit card payments from individuals, but from 13 January 2018, this method of payment will no longer be available.
HMRC’s hand has been forced due to a change in EU law, which prohibits merchants (including HMRC) from recharging credit card fees to payers. As HMRC is only allowed to accept credit card payments on the basis there is no cost to the public purse, this new law will mean HMRC cannot accept credit card payments from the date the law changes.
Self-Assessment individuals intending to make the payment by personal credit card will need to do so before 13 January 2018.
Corporate, business and commercial credit cards are not affected and debit card payments will still be allowed.
For further information or help with Self-Assessment please contact Sue Stephens.