Business News

HMRC now able to accept faster payments

HMRC have announced that they are now able to accept payments made using the Faster Payments Service. This will allow you to make faster electronic payments, typically via internet or telephone banking, enabling them to be processed on the same or next day.

HMRC advise that those wishing to make payments using this method should contact their bank or building society before making a payment to confirm:

  • the service available to you
  • whether there are any single transaction or daily limits on the amount you can pay
  • their latest cut off times for making a payment.

HMRC are also reminding taxpayers to ensure that they always use the correct bank account details and reference number.

Internet link: HMRC news

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