HMRC Ends Post Office Payment Option

 

Pay your Self Assessment tax bill

1. Overview
2. By debit or credit card online
3. Bank details for online or telephone banking, CHAPS, Bacs
4. At your bank or building society
5. At the Post Office

6. Direct Debit
7. Budget payment plan
8. By cheque through the post
9. Through your tax code
10. Check your payment has been received

5. At the Post Office

You won’t be able to pay at the Post Office from 15 December 2017.

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

A Question of Trust

In the move towards universal digital tax accounts for business, HMRC is trying to force companies to provide bank details on their corporation tax returns.

Although the majority of businesses submit their corporation tax return online, most automatic repayments of corporation tax are made by cheque rather than by electronic payment. CCH Daily notes that the latest research for HMRC shows that businesses on the whole do not provide their bank details when the requirement is not mandatory.

Why therefore would it be an issue if HMRC were to insist that businesses provide bank details.

Sadly it comes down to trust, or rather a lack of trust about what HMRC might do with those details.

Agents are concerned that once HMRC had been provided with bank details ‘they could use them to take future payments without seeking permission’, and there are also concerns about data security of online payments.

Do you trust HMRC with your bank details?

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

Citibank Payment Problems

I see that some taxpayers, who left it to the last minute to settle their tax bills on 31 January, may have experienced some difficulty paying into HMRC's Citibank account.

The Telegraph reported that Citibank was experiencing some form of technical problem that prevented payments being made into and out of Citibank accounts.

The Payments Council, the body overseeing the Faster Payment System is quoted by the Telegraph:

"The Faster Payment Scheme is operating normally today. However, Citibank have let us know they are experiencing very high volumes of incoming Faster Payments, due to the HMRC tax deadline, and are asking for patience when submitting a payment."

Citibank restored the system, a spokesman said:

“We apologise that there were some issues making payments at certain peak times today.

Citi's systems are now operating normally and the bank is currently processing all payments without issue. We have been coordinating through the Faster Payments scheme to ensure taxpayers have received the appropriate advice."

Did anyone experience any problems filing or paying at the last minute?


Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

Faster Payments Confusion

My thanks to loyal reader Stuart Jones, who pointed me to an article on his site 3CA Blog about a wee bit of confusion caused by HMRC's advice contained in Employer Bulletin Issue 44 (April 2013) about faster payments.

The Faster Payments website states:

"The service allows customers to make payments over the phone or through online banking all day, every day, and be assured that they reach their destination almost at the touch of a button."

Unfortunately HMRC have issued a rather confusing caveat about speed of payments. As per Stuart:

"HMRC suggest that a payment made on Wednesday 22 isn’t credited until Thursday 22 (whichever day that is!). I’m not certain if they do agree that the money will be credited on Wednesday 22 or they disagree and it will not be credited until the following day, i.e. Thursday 23"

 

Helpfully, HMRC then state that:

"Late payment penalties are wholly avoidable by allowing enough time for cleared payments to reach us by the payment deadline."

Anyone care to clear up the confusion?

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



Tax Investigation for Dummies, by Nick Morgan, provides a good and easy to read guide for anyone caught up in an HMRC tax investigation. A must read for any Self Assessment taxpayer.

Click the link to read about: Tax Investigation for Dummies

HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"