On 15 January 2018 new legislation came into place in the UK to prevent surcharges being applied to payments being made via form of credit or debit card. At the same time, legislation also came into place across Europe to cap the charges Visa and Mastercard levied on businesses for processing card payments. Unfortunately, American Express were not included in the card handler legislation and have been allowed to continue to levy excessively high charges on businesses at the same time that the ability to recoup these charges from customers has been removed.
Considering the Criminal Finances Act 2017 the Luxury Travel Group has produced the following Statement. The purpose of this statement is to set out the intentions and responsibilities of the Luxury Travel Group Ltd and those working for it in upholding the company’s position on tax evasion or its facilitation.