Bank Payroll Tax
Published 4 August 2010
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This publication is available at https://www.gov.uk/government/publications/bank-payroll-tax/bank-payroll-tax
This information is now obsolete.
Payment of Bank Payroll Tax
In making a payment of Bank Payroll Tax (BPT) by CHAPS, would banks please ensure that the sort code, account number and beneficiary name are entered in the appropriate fields and that erroneous zeros are not entered.
Bank Payroll Tax reference number
Taxable companies making a BPT return and payment should remember that the BPT reference to be used for the BPT Return and payment should be the taxable company’s Corporation Tax Unique Taxpayer Reference (UTR) prefixed with ‘XXBPT’, for example: XXBPT1234567890. See BPTM4070
It is essential that the return and payment are submitted using this 15 digit format otherwise payments will not be identifiable and correctly reconciled to returns.
Please do not use the PAYE reference.
Statutory Notice
Bank Payroll Tax - Statutory Notice
HM Revenue and Customs (HMRC) has published the attached notice under paragraphs 19(1) and 29(1) of Schedule 1 to Finance Act 2010.
The notice sets out the requirements relating to BPT returns due under paragraph 18 of Schedule 1 and the method of payment to be used by taxable companies for paying bank payroll tax.
It has been brought to HMRC’s attention that there was a typographical error in the notice issued on 11 June 2010 under the provisions of Paragraphs 19(1) and 29(1) of Schedule 1 to Finance Act 2010.
5(v) of ‘Information to be contained in BPT returns’ should correctly read: ‘The total amount of chargeable relevant remuneration calculated in accordance with paragraphs 7(2), 12(2) or 13(3) of Schedule 1’.
The notice has been amended accordingly.
Guidance
Bank Payroll Tax Manual - Guidance
HMRC has published guidance in the form of the Bank Payroll Tax Manual