Citation and commencement

1.  These Regulations may be cited as the Fees for Payment of Taxes, etc. by Credit Card (Amendment) Regulations 2017 and come into force on 13th January 2018.

Amendment of the Fees for Payment of Taxes, etc. by Credit Card Regulations 2016

2.  The Fees for Payment of Taxes, etc. by Credit Card Regulations 2016(2) are amended as follows.

3.-(1) For regulation 1(3)(a), substitute-

"(a)if given to an individual, would be a credit-token within section 14(1)(b) of the Consumer Credit Act 1974(3), and".

(2) In regulation 1(3)(b), omit "or Table 2".

(3) In regulation 2(2), for the words from "or Table 2" to the end, substitute "in the Schedule.".

4.  In the Schedule-

(a)omit Table 2; and

(b)for Table 1, substitute-

EXPLANATORY NOTE

(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.

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.