Surcharge on all corporate card payments to HMRC from 1 November

27 October: ICAEW’s Tax Faculty reminds organisations and tax agents that from 1 November 2020 there will be a surcharge on payments made by corporate debit cards to HMRC.

A surcharge already occurs for payments made to HMRC by corporate credit cards, but from 1 November this will also apply to debit card payments.

Taxpayers wanting to avoid the surcharge can pay via:

• Direct Debit,
• Faster Payment,
• BACs, or
• CHAPs.

There is also no surcharge on payments made by personal debit cards.

• More ICAEW support on making payments to HMRC.