
We wish to draw to your attention changes being introduced by H M Revenue & Customs to the payment of corporation tax. This affects all payments made on or after 1 April 2011.
From this date, all payments should be made electronically*.
At this stage H M Revenue & Customs are not proposing to penalise businesses who continue to pay their corporation tax by cheque. However, the date that such payments will be treated as received will change. Any payments made by cheque on or after 1 April 2011, will be treated by HM Revenue & Customs as received when the payment clears their account, so if you continue to pay this way, you must allow more time for your payments to be made, to avoid incurring interest for late payment.
*Electronic payment includes the following:
Direct Debit through HMRC website
Direct payment using phone, internet, BACS Direct credit or CHAPS
BillPay