THE SELF-EMPLOYED or other people with secondary sources of income can now pay their income tax bill online by credit card for the first time.
A legal tweak revealed this week means the Revenue can now accept credit card payments for the first time, having previously been legally barred from doing so.
The majority of PAYE workers have their income tax taken directly out of their pay packets by their employer, though people with other sources of income – such as occasional weekend cash-in-hand work – are expected to disclose this income to the Revenue themselves.
Similarly, self-employed sole traders are expected to file their own tax returns and pay their annual income tax liability in a single lump payment.
Secondary legislation activated by the Revenue means workers who were previously forced to keep cash aside can now pay their tax bill through a VISA or MasterCard – though doing so will incur a transaction charge of 1.49 per cent.
While credit cards have been accepted for telephone payments since last year, payments over the phone incur a higher transaction charge of 1.69 per cent.
A Revenue spokeswoman said it was “our policy to provide as many payment options as possible to our customers.”
Read: Child benefit, medical cards and dole payments: IMF’s hitlist for next Budget
Just click Like.
Comments (5 Comments)