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I know there was a lot of chat in the daily chat threads about credit card accounts (Creation maybe?) being closed when used with Curve/HMRC, or with Curve whatsoever.
It’s coming up to tax bill time.
Normally I would pay with Curve, linked to Virgin+ card.
Is that something we think Virgin are turning against, and might close the account for it?
I’m a heavy Virgin flyer, I don’t want to lose the credit card altogether. Am I better paying straight from my bank account (no points)
Nobody knows what Virgin may or may not impose in the future, what we do know is that Creation are pretty much an untrustworthy company and has so far been the only one to act like maniacs closing everyone down
I know there was a lot of chat in the daily chat threads about credit card accounts (Creation maybe?) being closed when used with Curve/HMRC, or with Curve whatsoever.
It’s coming up to tax bill time.
Normally I would pay with Curve, linked to Virgin+ card.
Is that something we think Virgin are turning against, and might close the account for it?
I’m a heavy Virgin flyer, I don’t want to lose the credit card altogether. Am I better paying straight from my bank account (no points)
why would it be risky, curve advertise this feature as the (one of the) primary reasons to get it
Because Creation recently closed the cards of everyone who had ever made a purchase via Curve. Apparently driven by its use as an intermediary card to things you can’t buy with credit card directly (NS&I). Just because Curve allows it doesn’t mean the underlying card likes it
I don’t have Curve Metal at current but was looking to upgrade to pay my Tax bills next month too with Virgin+ as the underlining card. Interesting to see others views on this and how Virgin have reacted to other “Curve allowable” spend.
Because Creation recently closed the cards of everyone who had ever made a purchase via Curve.
Not true. I’ve purchased well over 10k on the IHG card via Curve (and a small amount directly – basically only at IHG hotels) and my account wasn’t closed. However I had 0 NS&I or any other “naughty” spend apart from occasional ATM withdrawals via Curve (always below Curve’s Fair Use policy).
Hi all,
I just posted in the Daily Chat thread but I’ll bump this thread as well as it’s relatively related:
Very niche question related to HMRC Self-Assessment for which I will probably create a sister thread in the Virgin Atlantic forum, but appreciate ANY guidance from the wise community here at HfP.
Just did my personal self-assessment and have an HMRC bill due in Jan in excess of £50k. The crux of my question is I want to generate points (of any kind at this stage) from this transaction, but am not sure how to do it given recent rumblings on Curve. I have the VA+ card (with a £10k limit) and some US cards as well ($25k or so limit each). Specific questions I have:
1) Is there a way to break down that £50k payment in smaller chunks for HMRC? The website says if “if you cannot pay by debit card then use a different option such as bank transfer” but I read something about instalments (though not immediately clear how this works).
2) In the event that #1 is a possibility, what’s the best way to pay these with amounts with a GBP denominated credit card? I have the free Curve but would consider upgrading to metal to avoid 1.5% on ~£50k, though I suppose I’d need to align with the £10k monthly limit for this to work (and not sure whether VA+ will be closing this route soon as well).
3) Same question as above but for USD cards – if I upgrade to Curve Metal do I receive infinite FX-free transactions?
4) One final, HMRC-specific question (just in case!) – I also received a Payment On Account Due for the following year, also in a lump sum due for January. Is there anyway to spread these payments out?Hi all,
I just posted in the Daily Chat thread but I’ll bump this thread as well as it’s relatively related:
I’ve just replied to you on the chat thread
Because Creation recently closed the cards of everyone who had ever made a purchase via Curve. Apparently driven by its use as an intermediary card to things you can’t buy with credit card directly (NS&I). Just because Curve allows it doesn’t mean the underlying card likes it
I applied for a VA+ card the day I received my closure letter from Creation and no way am I ever going to link it to Curve!
Hi all,
I just posted in the Daily Chat thread but I’ll bump this thread as well as it’s relatively related:
I’ve just replied to you on the chat thread
Thanks Chas! I just read your reply, very helpful indeed and I’ve decided to respond through here so that it doesn’t get lost in the ‘daily chat’ threads. I’m not sure there’s a private messaging function available on these forums yet, so I’ll continue hijacking this thread if that’s OK…
Just to follow up on a couple of points on “Break it down however you want, it doesn’t matter – multiple payments over several days / weeks are fine.”:
a) Am I right in understanding that this is applicable as long as I pay the full balance BEFORE 31st of Jan? Thus I can start making multiple payments between now and then through the website (presumably without needing to notify HMRC that this is how I’m proceeding)?In this case the £150 Curve fee would be offset with the 1.5% saving on the first £10k payment in Jan, the rest of which would be done with a debit card, so I presume there might still be a case for the upgrade. I’m guessing as I’m not the only one facing this issue people most likely submit their self-assessment much sooner, and pay over weeks/months as you’ve mentioned…ah, to be more organised!
Thanks again.
Thanks Chas! I just read your reply, very helpful indeed and I’ve decided to respond through here so that it doesn’t get lost in the ‘daily chat’ threads. I’m not sure there’s a private messaging function available on these forums yet, so I’ll continue hijacking this thread if that’s OK…
Just to follow up on a couple of points on “Break it down however you want, it doesn’t matter – multiple payments over several days / weeks are fine.”:
a) Am I right in understanding that this is applicable as long as I pay the full balance BEFORE 31st of Jan? Thus I can start making multiple payments between now and then through the website (presumably without needing to notify HMRC that this is how I’m proceeding)?In this case the £150 Curve fee would be offset with the 1.5% saving on the first £10k payment in Jan, the rest of which would be done with a debit card, so I presume there might still be a case for the upgrade. I’m guessing as I’m not the only one facing this issue people most likely submit their self-assessment much sooner, and pay over weeks/months as you’ve mentioned…ah, to be more organised!
Thanks again.
I’ve no experience of paying the balance after 31 Jan, but I can’t see why it would make any difference if you were paying before or after. But yes, you can start making multiple payments now, and no need to notify HMRC. For what it’s worth, I never log into my account when I pay them – I just google “pay HMRC online”, follow the link to pay by debit card, select “self assessment” (or Corp Tax or VAT depending on what I’m doing), input the relevant reference number (for self assessment it’s your UTR), and pay an amount equal to my curve daily limit. And repeat.
Your user case is spot on – if you make full use of your £10k monthly limit in Jan, the fees offset each other. You’ll essentially have bought the points for £150. The real value comes in being able to make full use of the limit over several months, whether by being organised or for those who have companies paying corporate tax too, and VAT every quarter
If you login to your HMRC account and click to ‘Pay Now’ you’ll be prompted to enter an amount. Within reason HMRC will have no problem with you entering multiple smaller amounts over successive occasions that sum to the total you owe. Obviously you do need to clear the balance by the due date to avoid a fine. Limit concerns aside, the payment on account for next year’s bill can be paid in exactly the same way. No need to ‘notify HMRC’ about any of this; you’ll see the individual payments you make show separately offset towards the amount you owe within a few days.
You’re right that ideally you’d have started this sooner – the big issue is going to be the Curve limits. Do remember that the Curve metal £10k is supposedly per calendar (not rolling) month; although I’m not sure that’s been everyone’s experience of late. So you might want to sign up today to at least take advantage of whatever your day limit is to make a payment, in the hope that the monthly £10k is then reset from tomorrow for subsequent payments in January.
Agree with all Chas says. It’s simply a case of spreading your HMRC payments (in my case personal tax, corporation tax and quarterly VAT) so as not go over the Curve daily limit (in my case £4500) or the Curve fronted monthly limit (remember it’s calendar month) of £10,000.
I am interested in this topic. I hadn’t read my emails in September carefully regarding the 1.5% fee if you exceed 10K payments to HMRC (or similar). How are you all spreading this out, say if you have >20K of payments to HMRC? Or is this card not worth keeping anymore? Sadly I’ve missed out in paying 10K in December.
Just tried to pay HMRC thru Curve backed by Virgin and it was refused. Small amount £300, I’ll just use a normal debit it’s not worth the hassle
Just tried to pay HMRC thru Curve backed by Virgin and it was refused. Small amount £300, I’ll just use a normal debit it’s not worth the hassle
Make sure ‘fronted’ is turned on
Just tried to pay HMRC thru Curve backed by Virgin and it was refused. Small amount £300, I’ll just use a normal debit it’s not worth the hassle
Make sure ‘fronted’ is turned on
Sorry, what does turn on “fronted” mean ?
In the Curve app go to Account>Settings>Fronted.
Fronted is the setting which enables most of the more creative uses of the curve card. Until recently metal subscribers didn’t need to bother with it but I am now finding it necessary to toggle Fronted on for some transactions.
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