HMRC have announced that they are reducing the number of payment options open to taxpayers due to settle their bills in January 2018.
The first change affects those wishing to settle their tax via the Post Office. These payments will no longer be accepted with effect from 15 December 2017.
It has also been announced that from 13 January 2018 payments made on personal credit cards will no longer be accepted. This will apply to Self-Assessment tax payments of Income Tax or Capital Gains Tax, National Insurance Contributions, VAT and Corporation Tax.
If you have received a payslip from HMRC you will still be able to pay your tax bill at the bank, but if you have not, the payment will be more difficult to trace.
As part of the making tax digital movement, HMRC are also encouraging taxpayers to pay their tax bills electronically, either online, via the Personal Tax Account, by telephone banking, CHAPS or BACS. Cheque payments by post will continue to be accepted, as they must provide those without the availability of computer access an alternative.
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Please make sure you know how to pay, and if you are unsure contact us.