From the 16th December 2011, HMRC is able to accept payments made using the Faster Payments Service. This allows taxpayers to make faster electronic payments, typically via internet or telephone banking, enabling them to be processed on the same or next day. HMRC suggest you contact your bank or building society before making a payment to confirm:
• that the service is available to you
• whether there are any single transaction or daily limits on the amount you can pay
• the latest cut off times for making a payment
When making a payment to HMRC please use the correct bank account details and reference number. This will ensure that your payment is received by HMRC and will help avoid incurring a penalty, interest or surcharge for late payment.