This is a freeview 'At a glance' guide to HMRC's Card Transactions Programme (formerly credit card sales campaign) which closed in 2020.
HMRC's Card Transactions Programme (formerly credit card sales campaign) was to ask people to declare previously undeclared income from debit and credit card sales. It was withdrawn on 7 January 2020.
The campaign was open to all taxpayers. Taxpayers made a disclosure and decided their own penalties.
The advantage of using the campaign was that penalties would be lower than if the information was not volunteered and HMRC caught up with the taxpayers. HMRC tend to view any undeclared income as being deliberately concealed and so a high rate of penalty is applied.
Information on credit card sales is pretty difficult to hide given that it is collected by the credit card companies themselves. HMRC can check such sales to the card company records and so it would be a foolish person who did not declare this income.
On penalties: the size of penalty depends on taxpayer behaviour, see Penalties for error.
External links
HMRC Card Transactions Programme
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