My bank wrote to me this week offering me a deal - a credit card in the name of my Ltd company and with no annual charge. Shock horror I thought to myself, has the world gone mad? On further reading I found the card was only free for the first year but there would be a £25 charge each year after that.
Lets do a few comparisons
Personal credit card with the bank: Free
Business credit card with the bank: £25.
Perhaps they don't appreciate that most people will get get another personal credit card for free and use that if they want to keep their business transactions separate?
A few more examples:
Personal banking with the bank: Free
Business banking with the bank: Charge per transaction
And finally:
Cost of filing annual (tax) return with the inland revenue: Free
Cost of filing annual return with companies house: £30 (£15 electronically). Criminal offence if you don't pay.
Why are companies seen as such an easy target for these rip off charges? They only result in costs being passed onto the general public. Is the £4.35bn profit that the bank makes per year not enough?
By Craig Cockburn, IT Professional from Scotland. Digital Transformation, Agile Management, Politics and Social change
Subscribe to:
Post Comments (Atom)
Popular Posts
-
The UK Government Digital Service (GDS) has just had a reboot . However will it be value for money and deliver its objectives? Will th...
-
My article about Dyson's breakdown problems made the front page of reddit and hopefully this article on Bosch will do so too because m...
-
United States Patent Application: 0060071122 . Well, full marks for trying I suppose. Short term memory loss when walking to the bus stop a...
-
Argos (a top 5 e-commerce site in the UK ) reports on its website when you go to buy something: Remember, you don't need to register t...
-
Many of us can't be bothered to prepare a real Will, with the resultant tax confusion and uncertainty that this causes especially in the...
-
Dyson's motto is "100% suction all the time" or "The vacuum that doesn't lose suction". The consumers' asso...
-
Comunn na Gaidhealtachd 's nan Eilean an Lunnainn The Highlands and Islands Society of London www.thehisl.co.uk ...
-
-------- Original Message -------- Subject: Dè tha dol? Date: Mon, 3 Oct...
-
An article on how Agile can sit alongside PRINCE2 and where DSDM Atern fits in. In 2007, I put "used an Agile/PRINCE2 development str...
-
Food poor, service even worse . Mandatory service charge even if you think the service doesn't deserve it. They can produce a bill with ...

No comments:
Post a comment