BACS Direct Credit, Internet and Telephone Banking
Contents
Making payment
All banks and building societies that offer Internet and Telephone banking payments can accept payments for Inheritance Tax.
These payment methods enable you to tell your bank to make a payment on a specific date. You therefore know for certain on which day payment will reach us.
It normally takes three bank working days for payment to reach us. Some banks or building societies take longer. You should check with your bank or building society to see how long they take to transfer payment and what their cut off time is for initiating a payment is.
Payment date
Inheritance tax is generally due six months after the end of the month in which the death/transfer occurred. For transfers other than on death and made in the period from 6 April up to and including 1 October in any one year, tax is due by the 30 April the following year. Interest is charged on overdue tax irrespective of the reason for delay.
Bank account details
When using these electronic systems you will need to provide your bank or building society with our bank account details. These are
| Office | Sort code | Account number |
|---|---|---|
| Nottingham | 10-53-92 | 23430303 |
Reference number
You should also provide your bank with either
- Your Inheritance Tax reference. The reference number is in the format F123456/78X.
- the full name of the deceased, transferor or settlement
- the date of death or settlement.
