HMRC Will Be Accepting Faster Payments

 

From 16 December 2011 HM Revenue & Customs (HMRC) will be able to accept payments made using the Faster Payments Service. This will allow you to make faster electronic payments, typically via internet or telephone banking, enabling them to be processed on the same or next day.

You should contact your bank or building society before making a payment to confirm:

  • The services available to you
  • Whether there are any single transaction or daily limits on the amount you can pay
  • Their latest cut off times for making a payment

When making a payment to HMRC please make sure you always use the correct bank account details and reference number. This will ensure that your payment is received, and will help you to avoid incurring a penalty, interest or surcharge for late payment.

If you would like to discuss how these changes will effect you, please contact us as soon as possible.