Corporation Tax: it shouldn’t have to be taxing
In a follow-up to my VAT whinge from the weekend, here’s a follow-up whinge relating to Corporation Tax. Not the government’s fault this time, but my bank’s. Although the two are now somewhat synonymous, given the banks’ funding arrangements.
I tried to pay HMRC my Corporation Tax last weekend, but my online banking interface wouldn’t let me. The amount of the transaction (five figures) surpassed the daily amount that I could transfer. I could keep coming back on a daily basis to pay a bit more, but that’s hardly the point.
I called them up to find out whether I could undertake the transaction over the phone. But I couldn’t. The same rules apply. The lady directed me to pay by cheque or make the transaction in a branch.
I popped into a branch today, and the teller told me (is that why they’re called tellers?) that the only way to pay that amount electronically was to perform a Bacs transfer, costing me £30.
Now I’m not a big fan of paying money to HMRC at the best of times. But paying for this privilege is certainly not something I’m keen to embrace. So I’ll be writing a cheque tonight. And popping it in the post. A transaction that will cost me more to facilitate (in the form of a stamp and an envelope), will likely cost both HMRC and my bank more to process.