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August 2011

How to pay your corporation tax online

Companies and organisations now have to pay all Corporation Tax and related payments electronically.

If you want to use a cheque to make your payment, you need to take your cheque and HMRC payslip to your own bank or building society or to a participating Post Office (see instructions below). HMRC counts these payment options as electronic.

On any occasion when, exceptionally, payment is made by cheque, the funds will be treated as being received by HMRC on the date when cleared funds reach HMRC’s bank account – not the date when HMRC receive the cheque.

The bank details you will need to pay HMRC online are as follows:

Sort Code:                 08 32 10

Account Name:          HMRC

Account No:               12001039

Your reference (as shown on the payslip)

Paying Corporation Tax by Bank Giro

If your bank or building society offers the Bank Giro service you can make a Corporation Tax payment at your own bank branch by cheque or cash using your HMRC payslip. HMRC treats any payment made by Bank Giro as electronic.

If paying this way please:

  • take your HMRC payslip to your own branch (other banks may refuse to accept it or may charge you for this service)
  • make cheques payable to 'HM Revenue & Customs only' followed by your Corporation Tax reference number

 

To allow for possible delays in bank processing (for which HMRC is not responsible) please allow at least three bank working days for your payment to reach them. Bank working days are Monday to Friday excluding bank holidays.

If you only have Bank of England payslips you now need NatWest payslips in order to make your payment. Please contact the HMRC office that issued the payslips to you to arrange for new ones to be sent.

When paying by bank giro please only use an official HMRC payslip. HMRC payslips contain the correct HMRC bank account information and ensures payment reaches your account on time.

Paying Corporation Tax at the Post Office

You can make a Corporation Tax payment at the Post Office by cheque, cash or debit card without charge. HMRC treats any payment made at the Post Office as electronic.

The new change relating to cleared funds for cheque payments by post does not affect any payments made at the Post Office by cheque.

If paying this way please:

  • take your HMRC payslip with you (otherwise you'll be charged for using this service)
  • make cheques payable to 'Post Office Ltd'

 

To allow for possible delays in bank processing (for which HMRC is not responsible) please allow at least three bank working days for your payment to reach them. Bank working days are Monday to Friday excluding bank holidays.

Any queries, please contact us