'Pay tax by credit card: Fantastic news… for some' blog discussion

Former_MSE_Lawrence

This is the discussion to link on the back of Martin's 'Pay tax by credit card: Fantastic news… for some' blog. Please read the blog first, as this discussion follows it.

Read Martin's 'Pay tax by credit card: Fantastic news… for some' Blog.

Click reply to discuss below.

lic

The revenue might not charge you to pay with a debit card, but its a safe bet they will charge for a credit card payment. They do when you buy you vehicle excise licence with a credit card online.
Don't forget they are there to save themselves money, no you!

jdowland

The american express card has a maximum cashback of 200 pounds tops for the 5% period, so you wouldn't earn 500 for a 10k tax payment. Also, I'm not sure, but certain types of payments aren't eligible for the cashback, and tax stuff might be in that set. I need to check the T&Cs at some point (plan to either buy a car or a laptop).

oscarhugo

I also think it's a fair bet that, as well as making a charge for paying by credit card, HM Revenue & Customs [their fancy new name] almost certainly won't accept Amex...

oscarhugo

Also-also - it's my guess that the Taxman won't charge 'only' 1% for using a credit card; it's more likely to be in the region of 2.5 or 2.75%. But we'll see.

pauldbate

I've just phoned the Revenue to ask if it possible to pay my tax bill by credit card and they said no.

MSE_Martin

Hi Pauldbate

The revenue isn't doing it yet - it'll probably be for next year's tax.

Martin

David_Mee

What about credit card cheques? They should accept these shouldn't they? I have been offered 0% on existing card for purchases and they sent cheques along with letter. Am I right in thinking these will be fee free??

laulau80

on collecting mail from our previous address yesterday - my boyfriend found a letter from the HMRC (he told them of our change of address months ago). This informed him that he owes double the amount of tax than he thought - oh dear.
He is unable to pay the full amount of tax and can't pay for it with a credit card. The banks is offering him a loan at a scary 19.8%.
Does anyone have any tips on how to pay this without the huge interst rate? HMRC has extended his payment dealine until monday - how kind!
We'd be eternally gratedul for any help.
:mad:

rodent

Spoke to Egg today .....Payment to HMRC is definately classed as a purchase.

Also spoke to HMRC, fees are:
1.25% for internet payment
0.91% if you pay over the phone

also confirmed that agreement has been reached with "most cc providers" that Tx will be treated as a "Purchase" and NOT a cash advance.

Fantastic for stoozers using cashback cards !!

Payment by cc now live and running ....Merry Xmas !!


The Rodent

Airwolf1

laulau80 wrote: »

on collecting mail from our previous address yesterday - my boyfriend found a letter from the HMRC (he told them of our change of address months ago). This informed him that he owes double the amount of tax than he thought - oh dear.
He is unable to pay the full amount of tax and can't pay for it with a credit card. The banks is offering him a loan at a scary 19.8%.
Does anyone have any tips on how to pay this without the huge interst rate? HMRC has extended his payment dealine until monday - how kind!
We'd be eternally gratedul for any help.
:mad:

Ring HMRC up and try to enter into an arrangement, explain the circumstances and see what they say.