Re: Credit Card Tax Year?
Obi - if you are enquiring about the *old* loophole that used to exist, I'm afraid it has been closed.
As of this year, if you have a credit card at any stage during a year, you owe the duty.
If you want to simply close your account and be done with credit cards altogether, then you will still be liable for the duty.
If you want to change provider, you will still be liable for the duty and if you change during the year (instead of closing before year end and opening after the year end) you will be liable for two duties.
z