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Payments to HMRC – Changes to banking arrangements during 2009
Monday, March 2nd, 2009
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HMRC issued the following statement on 18 February concerning changes to banking arrangements from April 2009 onwards.
“Following a full procurement exercise, new banking contracts were awarded to the Royal Bank of Scotland (RBS) and Citi in March 2008. Since then the HMRC Banking Change Project has been working closely with both banks to prepare for the migration.
As a result of moving to RBS and Citi, all payments to HMRC will need to be made to new bank sort codes and account numbers. The changes being made to bank account details that impact payments for PAYE, Self Assessment and Corporation Tax will be effective as of 6 April 2009.
For PAYE, all payments for 2009/10, and subsequent years, need to be made to the accounts shown below. This will also apply to any payments for previous years that are made electronically to HMRC after 6 April 2009.
For Self Assessment any payment made after 6 April 2009, including the payment of account due on 31 July 2009, should be made to the new account details.
All Corporation Tax payments made to HMRC after 6 April 2009 should also be made to the account details detailed below:
Accounts Office Cumbernauld
Account Name HMRC Cumbernauld
Sort Code 08-32-10
Account Number 12001039
Accounts Office Shipley
Account Name HMRC Shipley
Sort Code 08-32-10
Account Number 12001020
Employers making PAYE payments to HMRC using Bank Giro Credit slips will shortly be issued with their 2009/10 payslip booklets by post. These have been updated to reflect the new payment information. For those employers who are registered electronic payers, an information sheet will also be issued which contains the new payment information.
There will be a period of at least 12 months when payments made to the Bank of England accounts will continue to be received and accepted by HMRC. However, we would ask that, where applicable, payroll systems are updated at the earliest opportunity to reflect the changes in HMRC bank account details.
Other taxes, including VAT will be migrated to the new bank accounts during 2009 and further correspondence will be issued to you in advance of these changes.”
In the latest Employer Bulletin, HMRC makes the following general comments under the heading “’How to Pay’ changes”:
“During 2009 HMRC will be changing the bank accounts into which you make payments. These changes will be phased in throughout the year, but we will tell you when we make any changes.
The first account change you will see will be on the Pay As You Earn (PAYE) payment booklets issued from February 2009. These should be used from your April payment onwards for the 2009-10 tax year.
Other changes will appear within our How to Pay instructions.
An updated version of these instructions, including the revised bank account and sort code details, will be published on our website as changes are made. Individual letters will also be issued to Large Payers and CHAPS customers during 2009.
If you make payments to us via BACS and banks online systems, the new details will be provided in the How to Pay instructions when the changes are made.
You do not need to take any specific action or make any changes at the moment; your payments will continue to be received by HMRC and applied to your tax liability.
Further information on the specific changes will be included on our website during 2009, and in future editions of the Employer Bulletin.”
The UK Payroll News is sponsored by HRD & Payroll Solutions
