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.
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