This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
(This note is not part of the Regulations)
These Regulations, with effect from 13 January 2018, amend the Fees for Payment of Taxes, etc. by Credit Card Regulations 2016 (S.I. 2016/333).
Regulations 3 and 4 remove references to personal credit cards to reflect changes, coming into effect from 13 January 2018, to ways of paying HMRC.
Regulation 4 also updates the rates used to calculate the fees payable where corporate cards are used. For comparison, the rates before and after the amendment are set out in the following table.
| Type of card | Old rate (%) | New rate (%) |
|---|---|---|
| VISA Business Credit Card | 1.508 | 1.70 |
| VISA Commerce Credit Card | n/a | 2.80 |
| VISA Corporate Credit Card | 1.744 | 1.94 |
| VISA Purchasing Credit Card | 1.755 | 1.92 |
| VISA Commercial Credit Card | n/a | 1.94 |
| MasterCard Business Credit Card | 1.973 | 1.80 |
| MasterCard Corporate Credit Card | 2.248 | 1.98 |
| MasterCard Purchasing Credit Card | 2.406 | 2.20 |
| MasterCard Fleet Credit Card | 2.134 | 1.97 |
| MasterCard Commercial Credit Card | n/a | 1.98 |
A Tax Information and Impact Note covering this instrument will be published on the government website at http://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.
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