Plan ahead for Easter payments
07 March 2016
As Good Friday and Easter Monday are both Bank Holidays, Bacs is urging businesses to start planning now to avoid delays in payments over the holidays.
As Good Friday (25 March) and Easter Monday (28 March) are both Bank Holidays, payments scheduled to be made on these days will not be processed, so business owners and finance teams should plan ahead to ensure important payments to staff, customers and suppliers are submitted in time.
For example, if payments are to arrive in accounts on Tuesday 29 March, then they must be submitted on Wednesday 23 March at the latest. Similarly, if payments are to arrive on Wednesday 30 March, the process must begin on Thursday 24 March.
To help with this planning Bacs has produced a processing calendar setting out key payment dates and non-processing dates for 2016.