HMRC have announced that they will now accept payments made using the Faster Payments Service. This will allow taxpayers to make electronic payments, typically via internet or telephone banking, enabling them to be processed on the same or next day.

Anyone wishing to make payments using this method should contact their 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
• the 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.  

Francis Clark has offices in Exeter, Plymouth, Salisbury, Taunton, Tavistock, Torquay and Truro. Francis Clark is the winner of the ‘Auditor of the Year - Mid Tier’ in the National Financial Directors’ Excellence Awards 2011, and LexisNexis Best General Tax Practice Award 2009. More information is available by logging on at our Online Information Centre