Pay Corp Tax by personal debit card?

[Pete Marsh]

I'm in the final stages of closing my Ltd Co. The final liability to settle is £300 of corporation tax. The company account is a 'free' cheque only account, and when I went in to the bank they wanted £25 for a same day transfer to pay it. I could just pay the £25 to the bank, and £300 to HMRC; that way both fees would come out of the company account (I'd then transfer the £2k balance to my current account and close the company account, followed by closing the ltd co.)

A cheaper way would be to pay the £300 by my personal debit card via the HMRC website. I'd save £25: But can anyone tell me if it would be A Bad Thing to pay corporation tax with a personal debit card, rather than from the Ltd Co bank account?

[Clare@InTouch]

I don't see a problem with it, just make sure it's recorded properly in your accounts so it's shown as money owed back to you.

[d000hg]

Going permie?

[Pete Marsh]

Going permie?

Aye, I'm joining the drones after 11 years of being a swashbuckling contractor .

[northernladuk]

I don't see a problem with it, just make sure it's recorded properly in your accounts so it's shown as money owed back to you.

Good timely advice as always. Thanks Claire....

<ducks and runs>

[Clare@InTouch]

Good timely advice as always. Thanks Claire....

<ducks and runs>

Toad

And just as I was about to say that I missed you