There are a number of changes to payment information which come into effect from April 2011, full list of these changes is given below.
Companies and organisations will have to submit their Company Tax Returns online and pay all Corporation Tax and related payments electronically. Related payments include interest charges on overdue Corporation Tax and penalties for not filing Company Tax Returns on time.
When, exceptionally, payment is made by cheque after March 2011, the funds will be treated as being received by HM Revenue & Customs (HMRC) on the date when cleared funds reach HMRC's bank account - not the date when HMRC receive the cheque.
You can find out which payment methods HMRC treats as electronic and learn more about the changes to cheque payments in the How to pay Corporation Tax guide.
Payments for your Class 2 National Insurance contributions become due on 31 July and 31 January, the same as Self Assessment tax. To find out more about these changes and the effect they have on Direct Debit collection dates and amounts, and the dates when payment requests will be sent, please see the How to pay Class 2 National Insurance contributions guide.
How to pay Class 2 National Insurance contributions
HMRC will start issuing late payment penalty notices to customers who paid their PAYE late in the 2010-11 tax year. You can find out when this penalty must be paid by and what the different payment.
How to pay PAYE late payment penalties
From April 2011 if you should have submitted your VAT Return online but sent it in by paper instead, you will be charged a penalty. These penalties will apply to returns for accounting periods ending on or after 31 March 2011. You can find out how to pay these penalties in the How to pay VAT guide.
Find out more about penalties for submitting a VAT Return on paper instead of online
