HMRC accept faster payments

As from 16 December 2011 HM Revenue & Customs (HMRC) are able to accept payments made using the Faster Payments Service. This allows you to make faster electronic payments, typically via internet or telephone banking, enabling them to be processed on the same or next day.

You should contact your bank or building society before making a payment to confirm:

• the services 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

It is advisable to do this before you need to make the payment because if you need to use an alternative payment method this could result in your payment to HMRC being delayed.

In order for a payment to be sent using FPS both the sending and receiving banks must be participating members of the scheme. CHAPS will continue to be used for high-value payments. The service does not operate on 25 December or 1 January.

If you would like any further HMRC payment information please feel free to contact the team on 01733 371180.