August electronic payment deadline

18 August 2020

Within the latest edition of the Employer Bulletin, businesses are reminded that the electronic payment deadline for August falls on a weekend date – Saturday 22 August.

In order to avoid being charged interest and / or a late payment penalty, businesses should ensure that cleared funds are in HMRC’s account by Friday 21 August, unless they are able to submit a Faster Payment to clear on the payment deadline.

In order to ensure that payment can be made on time, businesses may want to liaise with their bank or building society ahead of making payment to check single transaction, daily value limits and cut off times.

 


 

 

CIPP news page button.png

 

 

Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information. Download the CIPP's Payroll: Need to know - your guide to payroll legislation and reporting for the most up to date data.