The new rules prevent merchants from charging customers extra for paying by debit or credit card. Merchants, though, could still be charged which created a potential headache for HMRC.
Absorbing the cost would have been unsustainable which left them with little option but to stop accepting credit cards. The news came as a shock to those who had been counting on their credit cards to settle their tax bill. Critics were quick to complain about the short notice and a lack of publicity around the move. Credit cards had become more popular for a number of reasons. For others this was good way to build up their reward points and take advantage of special offers such as earning air miles.
Paying off a large chunk of money with a credit card would supercharge their reward collection efforts and, if they managed to pay it off quickly, they could avoid paying substantial amounts of interest. However, changes to European law were already making the practice somewhat less appealing. Rewards have been cut back and the fees charged for credit card payments can be substantial.
However, if you are determined to use your credit card, there are still options. Payment service providers such as BillHop have begun targeting their services specifically at people who still want to pay HMRC by credit card. Their business model is simple: they will pay your tax bill to HMRC and charge this back to your credit card. You can use GOV. UK Pay to take credit and debit card payments by telephone, or post. You get all of the advantages and security of using GOV.
You simply use the same API as you do for online card payments. So all of your reporting, refund processing etc can all be done in the same place. This feature also gives customers an alternative way of paying. It allows services to easily help users that might be struggling to access an online service. Even if HMRC is no longer accepting payments as of 13th January with personal credit cards, Billhop won't let you down!
You still can pay all your tax and VAT bills by credit card online through Billhop. Billhop is a payment service which enables companies and private individuals to pay bills and invoices by debit and credit card. All major cards, including American Express, are accepted and you can make payments to any British sort code and account number through Bacs and Faster Payments. By using Billhop you can pay any bill or invoice by credit card, in a simple and efficient way.
Furthermore, you take advantage of the interest free payment period on your credit card, so that your suppliers get paid straight away, without any strain on your liquidity.
In order to pay your tax and VAT via Billhop, you simply need to register for an account on our website.
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