Monday, April 11, 2011

How to pay VAT

There are several ways to pay VAT liability. Bank transfer (CHAPS) is one of the most convenient.

Please follow instructions: To pay your VAT by CHAPS transfer you will need HMRC's bank account details.
Please take care if you need to enter HMRC bank account details. If you make a mistake with the sort code or account number there may be a delay before your record is credited or your payment may not be received at all.
HMRC's bank account details
Sort code: 08 32 00
Account number: 11963155
Account name: HMRC VAT
Address of the bank: Citi, Citgroup Centre, Canada Square, Canary Wharf, London E14 5LB.

You must give your VAT registration number as the reference number which is made up of nine digits. When you receive correspondence from HMRC the number will be shown in the format 123 4567 89 but when making payment it is important that you show the number with no gaps between the characters, for example 123456789, otherwise there could be a delay in updating your record.

For more ways to pay please see HMRC website.

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