HMRC to accept faster payments

HMRC have announced that they will now accept payments made using the Faster Payments Service.

This will allow taxpayers to make faster electronic payments, typically via internet or telephone banking, enabling them to be processed on the same or next day. HMRC advise that if you want make payments using this method you should contact your bank or building society to confirm the following: - 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. They are also stressing that when making a payment to HMRC it is important to ensure that you are using the correct bank account details and reference number.