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HMRC increases credit card payment fee

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The Taxes, etc. (Fees for Payment by Telephone) Regulations, SI 2012/689, increase to 1.5% the fee payable to HMRC in respect of credit card payments authorised by telephone. They replace SI 2009/3073 (which set the fee at 1.25%) from 2 April 2012.

The fee increase ‘ensures that HMRC recovers the cost of processing credit card payments made by telephone and it reflects an increase in costs faced by HMRC for such payments,’ the department said.