The tax man now accepts transfers using the Faster Payments process from your bank.
What this means is that you can now pay your tax liability and other commitments to HMRC via internet banking or telephone banking services.
You can find a complete list of HMRC liabilities that you can pay using Faster Payments here.
Traders and the self-employed should take care to ensure that they pay electronically into the appropriate HMRC bank account and use the relevant reference number for the payment. Read more here…
As always, if you already have a professional adviser or accountant supporting you do discuss this important change with them too!
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