HMRC Payment Changes
HMRC have announced two significant changes to the way in which taxpayers and their agents are able to make Tax/NIC payments to HMRC.
From 15th December 2017, it will no longer be possible to make payments to HMRC at the Post Office.
The change derives from falling demand for the service and coincides with the growth of alternative payment methods; mainly electronic payments made via online or telephone banking.
However, if electronic payment is not possible, payments can still be made at bank branches (with a payslip) and payments for self-assessment income tax are able to be posted to HMRC.
In addition, from 13th January 2018, HMRC will no longer accept payment by personal credit card but taxpayers can continue to use debit cards and corporate credit cards as methods of payment.
Despite the announcement, there are still many ways to pay, including:
- Direct debit,
- Online or telephone banking (incl. Faster Payments, Bacs and CHAPS)
- Debit/Corporate Credit card (online or telephone)
HMRC believe that the changes will ensure payments are more secure and will provide a more efficient method of payment for taxpayers.
Written by: Jack Biggs, Accounts Assistant