November electronic payment deadline falls on a weekend

06 November 2015

In November the electronic payment deadline of the 22nd falls on a Sunday. To make sure your payment for that month reaches HMRC on time, you need to have cleared funds in their account by the 20th unless you are able to arrange a Faster Payment to clear on or by the payment deadline.

Remember that it’s your responsibility to make sure your payments are made on time and if your payment is late you may be charged interest and/or a late payment penalty.

So that you know what date to initiate your payment and make sure HMRC receive it on time, you may need to speak to your bank/building society well in advance of making your payment to check single transaction, daily value limits and cut off times.

Find out more about paying HMRC electronically.

This was a reminder published in the October edition of HMRC’s Employer Bulletin.