Credit Cards For Staff

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I would like to obtain some credit cards for staff

I can get debit cards from my bank for them but not credit cards

Is it possible ?

 

[tony84]

Quick look on google - http://www.barclaycard.co.uk/business/making-payments/medium-large/corporate-card#tabbox0

 

[Mike Conroy]

you can however, it is normally for directors and senior managment fot fairly large companies

 

[Jeremiah@RHJ Accountants]

http://www.mycashplus.co.uk/business/default.aspx

Have a look at cashplus some of my clients use them as expense cards for there staff as you can top them up etc

I am sure there are many others out there too

 

[Page]

Quick look on google - http://www.barclaycard.co.uk/business/making-payments/medium-large/corporate-card#tabbox0

Thanks but ...

These are charge cards - not credits cards - which is what I am asking about

The others are also charge cards

 

[kelvin1950]

AMEX do this sort of thing. I and many of my colleagues had company AMEX cards when I was a wage slave.

 

[tony84]

Charge cards just ensure the balance is cleared in full at the end of the month... would you not want that?

 

[StevensOnln1]

I don't have any staff but have one of these for company expenses:

http://www.barclays.co.uk/Paymentservices/Businesscreditcards/P1242558528990

 

[TheCyclingProgrammer]

If you provide staff with a credit card for out of pocket expenses, don't forget you'll need to report this in the appropriate section of each person's P11D unless you have a dispensation (I'm not sure you can get a dispensation for credit card payments though). They will need to keep their receipts and apply for tax relief on allowable business expenses to avoid being taxed (via a tax code adjustment normally).

 

[Page]

Charge cards just ensure the balance is cleared in full at the end of the month... would you not want that?

Maybe I am misunderstanding something here

if I use a debit card with my bank - the funds are taken straight out - but also the protection I am afforded is I believe less than with a credit card
(I had always seen this as a charge card)

So with a charge card where the bill is cleared in full every month
Is the protection the same as a with a credit card or a debit card ?

 

[Page]

If you provide staff with a credit card for out of pocket expenses, don't forget you'll need to report this in the appropriate section of each person's P11D unless you have a dispensation (I'm not sure you can get a dispensation for credit card payments though). They will need to keep their receipts and apply for tax relief on allowable business expenses to avoid being taxed (via a tax code adjustment normally).

Do they not just let me have the receipts and I then put them through the books and then it is all done and dusted

 

[Page]

I don't have any staff but have one of these for company expenses:

http://www.barclays.co.uk/Paymentservices/Businesscreditcards/P1242558528990

It says credit card at the top and then later talks about debit card - so I shall look into it further

 

[tony84]

Credit cards give you added protection - but I think that MAY just be for personal use, not business use.

But if its a card (credit/debit/charge whatever it is) that is used for expenses what additional protection do you need? Is it going to be used for more than just food/drinks/petrol/stationary etc?

 

[TheCyclingProgrammer]

Do they not just let me have the receipts and I then put them through the books and then it is all done and dusted

No. You can certainly ask to see the receipts to verify that they are using their company card appropriately but the receipts need to be kept by the employee as they are the ones that are applying for relief and they need evidence if HMRC open an enquiry.

Generally, credit cards provided to employees for their out of pocket expenses need to be reported.

The only exception is when an employee uses a credit card to make a purchase on their employers behalf (i.e. It's a company business expense not an employee expense).

http:// www. hmrc. gov. uk/payerti/exb/a-z/c/cards.htm