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Surcharge for paying taxes by credit card

Date: 8th April, 2016   |   Author: Jacqui Gudgion   |   Comments: 0

From 1 April 2016, HMRC will be able to charge fees where tax liabilities are paid by credit card to reflect the fee charged by the card issuer.  There are different levels of fees depending on the type of credit card.  The published fee rates are:-

Personal credit cards

VISA Personal Credit Card 0.415%
MasterCard Personal Credit Card 0.386%
MasterCard World Permium Credit Card 0.374%
MasterCard Signia Credit Card 0.606%
MasterCard Premium Credit Card 0.606%

Corporate credit cards

VISA Business Credit Card 1.508%
VISA Corporate Credit Card 1.744%
VISA Purchasing Credit Card 1.755%
MasterCard Business Credit Card 1.973%
MasterCard Corporate Credit Card 2.248%
MasterCard Purchasing Credit Card 2.406%
MasterCard Fleet Credit Card 1.134%

 

 

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