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Speedy Tax Returns from Easy Accountancy

HMRC bans credit card payments

Taxpayers will no longer be able to use their personal credit card to pay their annual tax bill from Saturday 13 January 2018.

HMRC is withdrawing this method of payment less than 3 weeks before its deadline for online tax returns - and any money owed for 2016/17 - by midnight on 31 January 2018.

Withdrawing this facility builds on the EU's payment services directive, which bans companies - including the Revenue - from charging extra for using credit cards.

Last year, around 454,000 people used their personal credit card to pay their tax return worth a total of £741 million and £3.2 million in bank charges.

From 13 January 2018 onwards, individuals will be only be able to use the following methods to pay HMRC the tax owed:

  • over the phone (have your national insurance number to hand)
  • using CHAPS
  • at your bank or building society
  • via direct debit or cheque.

10.39 million self -assessment tax returns were filed ahead of 31 January 2017, with personal credit cards accounting for 0.8% of all payment methods and 0.2% of value.

We can help with your online tax return.

Why Clients Choose Easy Accountancy

Easy Accountancy offers a low cost, fixed fee accountancy package with all clients receiving their own dedicated, friendly, approachable accountant.

All of our accountants specialise in providing accountancy services to the self-employed, freelancers, sole traders, small to medium sized limited companies and private individuals. All accountants are employees of Easy Accountancy and we never outsource or offshore work.

Our low cost, all-inclusive fixed-fee accountancy service includes unlimited access to your own dedicated accountant throughout the year and covers all your business and personal tax affairs needs.

All our accountancy services include:
  - Unlimited access to your accountant
  - Ongoing advice on how to manage your business
  - Proactive tax advice throughout the year
  - Updates and reminders so you'll never miss a deadline
  - Free bookkeeping software

As a sole trader our fees start at just £60 + VAT a month, for this you receive the above plus:
  - Completion of your Self-Assessment tax return
  - Advice on how much Income Tax to pay
  - Guidance on National Insurance contributions

As a limited company our fixed fee packages are bespoke to your needs, however typically you’ll receive the above, plus:
  - Completion of your year end accounts*
  - Completion and submission of your annual return Companies House
  - The director/s Self Assessment tax return
  - Payroll bureau
  - Dividends and corporation tax computations

We’ve saved our clients up to half on their accountancy bills – if you’d like a quote, click on the quote me button to the right of this page. Alternatively, call us on 01442 275767 or email newbusiness@easyaccountancy.co.uk.

*If you would like us to complete your company year end accounts we simply ask that you have been a client of Easy Accountancy for one year or have made 12 monthly payments.