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  • Faster Payment Service

Faster Payment Service

HM Revenue & Customs (HMRC) accepts payments made through the Faster Payment Service.

This guidance gives you  information on making a payment to HMRC using this service and what will happen if your payment is late.

On this page:

What is Faster Payment Service

The Faster Payment Service has been introduced by the banking industry for customers to make immediate payments by internet/telephone banking. You can make Faster Payments on bank holidays and at  weekends depending on your own bank's terms and conditions, including any limits on the payment amount.

For a payment to be sent through Faster Payment Service both the sending and receiving banks must be members of the scheme.

CHAPS will continue to be used for high-value same-day electronic payments.

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What you need to do before making a payment using the Faster Payment Service

You will need to contact your bank/building society to check:

  • that they are part of the Faster Payments scheme
  • any single transaction and daily value limits, how long your payment will take to clear and the latest cut-off times for making a payment.

If you try using the Faster Payment Service to make an immediate payment that exceeds your bank’s value limit it may be rejected by your bank’s system. You will then need to use an alternative payment method.

It is important that you check with your bank/building society well in advance to find out how they deal with transactions that cannot be processed via the Faster Payment Service. This will help to avoid your payment to HMRC being delayed.

Information about Faster Payment limits(Opens new window)

When making a payment to HMRC please make sure you always use the correct bank account details and reference number, and that your bank has confirmed that your payment has been made successfully. This will ensure that your payment is received, and will help to avoid you incurring a penalty, interest or surcharge for late payment.

It is your responsibility to ensure that payments are made on time, whichever payment method you use.

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What happens if your payment to HMRC is late

You must ensure that payments reach HMRC’s bank account by the due date, or another date agreed in advance with HMRC. Payments received after this time could result in a late payment interest, surcharges or penalties being charged. HMRC will not waive these where payments are late because you haven’t made sure payments will reach them on time.

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More useful links

UK Payments Council

HMRC bank account details

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