Credit cards used for tax payments
Credit cards used for tax payments
Friday 16th January 2009
First the first time ever, British people have been permitted by HM Revenue & Customs to use a credit card for their tax returns this month, although they will have to pay a charge of 1.25 per cent.
The tax body claims that the measure represents a response to the current economic climate, but tax expert Anita Monteith recently urged people to consider other methods of settling their tax bills.
Ms Monteith, who is tax manager at the Tax Faculty of the Institute of Chartered Accountants in England and Wales, told the Guardian: "I would be loathe to suggest that someone uses a credit card."
The deadline for self-assessment tax returns is January 31st.
Earlier this week, the Daily Mirror expressed concern over the growing number of council tenants getting into debt by using a credit card to clear their rent arrears.
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