Paying your personal tax
Paying your personal tax
HMRC offer various methods for you to pay your Self-Assessment tax bill

By Martin Blewett, accountant at Hive Business

The deadline of 31st January 2020 is fast approaching for all Self-Assessment personal tax returns to be submitted and paid to HMRC for the tax year ended 5th April 2019.

HMRC offer various methods for you to pay your Self-Assessment tax bill:

  • Faster Payment – via online or telephone banking
  • Debit or credit card
  • At a bank or building society – you will require an HMRC paying in slip to use this method
  • CHAPS payments
  • BAC’s
  • Direct Debit
  • By posting a cheque

Allow plenty of time before the deadline of 31st January 2020 to pay your Self-Assessment tax bill to HMRC. The various payment methods vary in how long they take to reach HMRC. Here is a useful infographic that will help you choose the right payment method.

When making a payment to HMRC, you will require your 11 character payment reference. This is your 10-digit Unique Taxpayer Reference (UTR) followed by the letter k. The bank details for HMRC you will require are as follows:

Sort code Account Number Account Name
08-32-10 12001039 HMRC Cumbernauld
08-32-10 12001020 HMRC Shipley

Please ensure you pay your Self-Assessment tax to the correct HMRC Accounts Office, if you are unsure of this then please make payment to HMRC Cumbernauld.
It is essential you do this to avoid late payment interest being calculated on the amount of tax you owe to HMRC for the tax year and possibly an additional late payment penalty being issued as well.

If you are struggling to pay your Self-Assessment tax bill, please contact the HMRC Business Support Service on 0300 200 3835 immediately to discuss alternative payment options available to you. If you require any further advice on this matter, please contact us.

Team Hive
By Team Hive
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