From 1 November 2020, payments made to HMRC using a business debit
card will attract a fee, in addition to payments currently made by business credit
card. The Fees for Payment of Taxes, etc by Card Regulations, SI 2020/657
extend the fees to business debit cards, in line with general policy to make
sure payments are received by HMRC at no cost to the public purse. From
November, the fees will be calculated by combining the total of the fees
charged to HMRC in connection with the payment. This method will replace the
existing fixed fees charged on business credit cards where the fixed rate
depends on which card is used.
The new method aims to ensure HMRC recovers the exact amount
charged in connection with the payment. In principle, there should be no need
for future amendments by regulations because any changes to fees charged to
HMRC will automatically be passed on by virtue of this new method of
calculation.
From 1 November 2020, payments made to HMRC using a business debit
card will attract a fee, in addition to payments currently made by business credit
card. The Fees for Payment of Taxes, etc by Card Regulations, SI 2020/657
extend the fees to business debit cards, in line with general policy to make
sure payments are received by HMRC at no cost to the public purse. From
November, the fees will be calculated by combining the total of the fees
charged to HMRC in connection with the payment. This method will replace the
existing fixed fees charged on business credit cards where the fixed rate
depends on which card is used.
The new method aims to ensure HMRC recovers the exact amount
charged in connection with the payment. In principle, there should be no need
for future amendments by regulations because any changes to fees charged to
HMRC will automatically be passed on by virtue of this new method of
calculation.
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