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  • How to pay Petroleum Revenue tax

How to pay Petroleum Revenue tax

This guide offers a reminder of Petroleum Revenue Tax payment deadlines and explains all of the available payment options.

HM Revenue & Customs (HMRC) recommends that you make all of your Petroleum Revenue Tax payments electronically. Paying electronically:

  • is safe and secure
  • gives you better control over your money
  • provides certainty about when your payment will reach HMRC
  • may lower your bank charges
  • avoids postal delays

On this page:

Update: changes to HMRC bank accounts from 6 April 2009

HMRC bank account details changed from 6 April 2009. If you make payments by Internet, telephone banking or BACS Direct Credit, by CHAPS or from an overseas bank account the new account details are included below. Please note these for future reference.

HMRC is now using two banks - Citi for Internet, telephone banking or BACS Direct Credit and CHAPS payments and Royal Bank of Scotland Group for Bank Giro credits.

If you experience problems using the new account details

HMRC is aware that some customers are experiencing problems making payments from their banks to the new HMRC bank accounts. We are working to resolve this with the banks involved as quickly as possible. If this affects you, you can continue to use the old HMRC account details to make your payments. We apologise for any inconvenience this may have caused you.

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Petroleum Revenue Tax payment deadlines

You are responsible for calculating how much Petroleum Revenue Tax is owed and for paying this on time.

Petroleum Revenue Tax returns are made twice a year for six-month chargeable periods (from the beginning of January until the end of June and then from the beginning of July until the end of December).

For each chargeable period six instalments of Petroleum Revenue Tax at monthly intervals are required, beginning two months into the chargeable period itself. So the first instalment for each period is due respectively on 28 February (30 June chargeable period) and on 31 August (31 December chargeable period). Each instalment is based on the tax paid for the previous chargeable period (reported on return form PRT6).

One month after the last instalment of each period, you will submit a return for that chargeable period (for example the last payment for the 30 June period will be at the end of July and therefore you will submit your return at the end of August).

You must pay any outstanding tax owed to HMRC with this return (or alternatively HMRC will pay back any money owing to you if you have overpaid).

Finally, three months after you have submitted your return, HMRC will send you an assessment and payment notice. This is based on your return and will tell you whether you need to make any further payments (or whether HMRC needs to pay you back any money).

Read more about Petroleum Revenue Tax returns and payments

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Paying Petroleum Revenue Tax by Internet, telephone banking or BACS Direct Credit

You can use your bank or building society services to pay by Internet, telephone banking or by BACS Direct Credit (available to businesses that are authorised by their bank to submit files direct to BACS).

To make a payment you will need the account details given below and your Petroleum Revenue Tax reference number.

It normally takes three bank working days for payment to reach HMRC. Bank working days are Monday to Friday excluding bank holidays. Some bank and building societies can 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 payment.

If your cleared payment arrives late interest will be charged.

Providing HMRC bank account details

When using this payment method you will need to provide HMRC's bank account details. If your payment is made with the wrong sort code or account number there may be a delay before your account is credited or your payment may not be received at all.

Accounts Office Sort code Account number Account name
Shipley 08 32 10 12001020 HMRC Shipley

Bank account changes from 6 April 2009

The account details above were updated on 6 April 2009. Please note these for future reference. You should also arrange to update any templates or transactions that you have stored for online banking purposes.

If you experience problems using the new account details

HMRC is aware that some customers are experiencing problems making payments from their banks to the new HMRC bank accounts. We are working to resolve this with the banks involved as quickly as possible. If this affects you, you can continue to use the old HMRC account details to make your payments. We apologise for any inconvenience this may have caused you.

Your Petroleum Revenue Tax reference number

When making a Petroleum Revenue Tax payment you will need your reference number. This is shown on your Petroleum Revenue Tax payslip in the reference box. The reference is made up of 14 characters and always starts with an 'X', for example XY000010001234.

It is important that you show the reference number with no gaps between the characters as this could lead to delays in updating your records.

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Paying Petroleum Revenue Tax by CHAPS transfer

The CHAPS system enables you to tell your bank to make an immediate payment which will reach HMRC on the same day provided you initiate payment within the time specified by your bank (usually between 9.00 am and 3.00 pm).

CHAPS payments are more expensive than other payment methods but may be of benefit if you're making very large payments.

Providing HMRC bank account details

You will need to provide HMRC bank details to your bank or building society. If your payment is made with the wrong sort code or account number there may be a delay before your account is credited or your payment may not be received at all.

Accounts Office Sort code Account number Account name
Shipley 08 32 10 12001020 HMRC Shipley

Bank account changes from 6 April 2009

The account details above were updated on 6 April 2009. Please note these for future reference. You should also arrange to update any templates or transactions that you have stored for online banking purposes.

If you experience problems using the new account details

HMRC is aware that some customers are experiencing problems making payments from their banks to the new HMRC bank accounts. We are working to resolve this with the banks involved as quickly as possible. If this affects you, you can continue to use the old HMRC account details to make your payments. We apologise for any inconvenience this may have caused you.

Your Petroleum Revenue Tax reference number

When making a Petroleum Revenue Tax payment you will need your reference number. This is shown on your Petroleum Revenue Tax payslip in the reference box. The reference is made up of 14 characters and always starts with 'X', for example XY000010001234.

It is important that you show the reference number with no gaps between the characters as this could lead to delays in updating your records.

Read more about Petroleum Revenue Tax returns and payments

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Paying Petroleum Revenue Tax by post

HMRC recommends that you make your Petroleum Revenue Tax payments electronically using one of the methods described elsewhere in this guide.

Electronic payments are generally more efficient and secure, provided you give HMRC an accurate reference number.

However if paying by post please:

  • make your cheque payable to 'HM Revenue & Customs only' followed by your Petroleum Revenue Tax reference number
  • do not fold the payslip or cheque and do not fasten them with paper clips or staples or in any other manner

If you are sending a payment to HMRC and do not have an HMRC pre-addressed envelope please send your payment to:

HM Revenue & Customs
Accounts Office
Bradford
BD98 1GG

To allow for possible postal delays (for which HMRC is not responsible) please allow at least three working days for the payment to reach them.

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Paying Petroleum Revenue Tax from an overseas account

You can pay your Petroleum Revenue Tax electronically from a bank account outside the UK. You should check with your bank or building society to see how long it takes to transfer a payment.

Providing HMRC bank account details

You'll need to give your bank or building society HMRC's bank account details. You should check with your bank or building society to see how long it takes to transfer a payment to HMRC.

Payments to HMRC Accounts Office Shipley from abroad

The account details below were updated on 6 April 2009. Please note these for future reference. You should also arrange to update any templates or transactions that you have stored for online banking purposes. HMRC has arrangements in place to continue to receive any payments using the old bank account details for the time being.

The account name you should use is 'HMRC Shipley'.

Currency International Bank Account Number (IBAN) SWIFT Bank Identifier Code (BIC)
Sterling and foreign currencies (except euro) GB05CITI08321012001020 CITIGB2L
Euro GB78CITI18500812000814 CITIGB2L

Note: Where an IBAN is shown you must give this number as well as the SWIFT BIC.

If your payment is made using the wrong bank account details there may be a delay before your account is credited or your payment may not be received at all.

Your Petroleum Revenue Tax reference number

When making a Petroleum Revenue Tax payment you will need your reference number. This is shown on your Petroleum Revenue Tax payslip in the reference box. The reference is made up of 14 characters and always starts with an 'X', for example XY000010001234.

It is important that you show the reference number with no gaps between the characters - otherwise it could lead to delays in updating your records.

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Petroleum Revenue Tax correspondence or receipt requests

In order to minimise costs to all taxpayers HMRC does not automatically issue receipts for payments. If you have made your payment electronically using one of the methods described elsewhere in this guide you can confirm from your own bank or building society statement that payment has cleared your account.

However, if you are paying HMRC by post and you need to ask for a receipt, include a separate letter with your payment. HMRC cannot identify any instructions written on payslips as they are processed automatically.

If you wish to tell HMRC about a change (such as a new address) you will need to include a separate letter with your payment if paying by post, or write to them separately if you have made your payment electronically.

Postal address for correspondence

HM Revenue & Customs
Accounts Office Shipley
Victoria Street
Shipley
Bradford
BD98 1YY

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What to do if you don't have a payslip

If you pay your Petroleum Revenue Tax electronically you will not need a payslip. HMRC recommends that you make your Petroleum Revenue Tax payments electronically using one of the methods described elsewhere in this guide. Electronic payments are generally more efficient and secure, provided you give HMRC an accurate reference number.

However, if you are paying by post and you don't have a payslip these details should accompany your payment:

  • your company name
  • your address
  • your telephone number
  • your Petroleum Revenue Tax reference number
  • the period that you are paying
  • the amount of Petroleum Revenue Tax you are paying

You should use the contact details described in the Paying Petroleum Revenue Tax by post section of this guide.

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Information about the Faster Payment service

HMRC is currently unable to receive or make payments using the Faster Payment service, which is offered by some banks.

For a bank's customer to make a Faster Payment, both banks involved in the transaction need to be members of the Faster Payment Scheme. The Bank of England, which is currently HMRC's banking supplier, made a decision some time ago to withdraw from the provision of retail banking services to its customers (one of which is HMRC) and has not joined the Faster Payment service.

HMRC is in the process of moving its business to a new banking supplier. Following this migration the opportunity for using the Faster Payments service will be reviewed.

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More useful links

Find out what to do if you have problems paying HMRC

Read more about Petroleum Revenue Tax returns and payments

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