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HMRC Bank Account Changes

HMRC has changed some of the bank accounts it uses to receive tax payments and repayments of overpaid tax credits. The bank accounts used for receiving VAT payments and for paying in NICs for class 2 (self-employed) and class 3 (voluntary contributions) have not changed yet, but most other taxes include PAYE and Corporation Tax are affected.

If your bank account remembers the regular payments you make, check that the bank sort-code and account number agree with the details shown on your latest PAYE payslip or self-assessment tax demand before your press the 'pay' button. You can check the bank account details for the type of tax you are paying on the Taxman's website here: http://www.hmrc.gov.uk/payinghmrc/bank-account-checker.htm

If you or your clients pay tax by direct debit you don't have to make any changes.

Posted by: Bookcert Mentoring Team

Friday 29th May 2009

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