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

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.
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  • liclic Forumite
    275 Posts
    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!
    Lic.
  • 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).
  • 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...
    Expect the worst & hope for the best...
  • 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.
    Expect the worst & hope for the best...
  • I've just phoned the Revenue to ask if it possible to pay my tax bill by credit card and they said no.
  • MSE_MartinMSE_Martin MoneySaving Expert
    8.3K Posts
    ✭✭✭✭
    Hi Pauldbate

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

    Martin
    Martin Lewis, Money Saving Expert.
    Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
    Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.
    Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
  • 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??
  • 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:
  • rodentrodent Forumite
    292 Posts
    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
    My posts are my opinion which is neither right nor wrong.
  • Airwolf1Airwolf1 Forumite
    1.3K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    ✭✭✭
    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.
    My suggestion and/or advice is my own and it is up to you if you follow it, please check the advice given before acting on it.
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