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1.4% credit card fee an allowable expense on SA?
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metalfury
Posts: 68 Forumite


in Cutting tax
Hello,
It's that time of year again where I hand over too much money to HMRC!
Does anyone know if the 1.4% transaction fee HMRC charge for paying by credit card is an 'allowable expense' for my next Self Assessment?
I've tried a search here and elsewhere, but haven't been able to find a definitive answer.
TIA
It's that time of year again where I hand over too much money to HMRC!
Does anyone know if the 1.4% transaction fee HMRC charge for paying by credit card is an 'allowable expense' for my next Self Assessment?
I've tried a search here and elsewhere, but haven't been able to find a definitive answer.
TIA

Save Money, Make Money, Retire Early!
astore.amazon.co.uk/money-making_money-saving-21
astore.amazon.co.uk/money-making_money-saving-21
0
Comments
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No - your tax bill is a personal expense.0
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I thought the government said it was abolishing consumers paying credit card transaction fees.
Why is it still charging them?
http://conversation.which.co.uk/consumer-rights/excessive-card-surcharges-stop-now-not-2013/0 -
no, they're supposed to be banning excessive fees. 1.4% sounds about in line what credit card companies will charge them, so it's fine.0
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Thanks @ceeforcat :-)Save Money, Make Money, Retire Early!
astore.amazon.co.uk/money-making_money-saving-210
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