Torr Waterfield discuss the important changes to HMRC payment methods.
Important changes to HMRC payment methods:
HMRC are making the following changes to the way you pay tax.
Paying at the Post Office
HMRC are withdrawing this service from 15 December 2017.
Paying by Personal Credit Card
HMRC will no longer accept payments of tax by personal credit card from 13 January 2018.
Please note that payments by company credit cards are still accepted.
The following methods of payment will continue to be accepted;
• Direct Debit
• Online or telephone banking, which includes Faster Payments, Bacs and CHAPS
• Debit card online or by telephone
For further details please see;
Don’t overlook your December employer PAYE/NI payment
The December payment deadline is a little way off but will soon be upon us. Any electronic payment for the tax period ended 5 December 2017 must clear into the HMRC account by Friday 22 December 2017.
If you pay by cheque in the post, payment must reach the Accounts Office by 19 December.
If you shut down early for Christmas we want to remind you to pay on time or make arrangements to ensure your payment will be made on time.
If you pay the right amount at the right time and use your 13 character Accounts Office reference you won’t incur interest and Late Payment Penalties.
If you would like to discuss any of the above please contact Torr Waterfield on 0116 2423400.