Paying an HMRC Fine: What you need to know

HMRC Fine

In most cases, when HMRC sends you a fine or penalty, they’ll do so via a ‘Notice to Pay’ letter, which will include a payslip. All the relevant information such as how to pay, and how long you have to settle the debt, should be included in their correspondence. In this article, we’ve covered the basic steps of the process for your convenience.

HMRC has Forgotten or Chosen not to Include a Payslip with the Notice to Pay

In this instance (which may occur, for example, if you’ve verbally agreed on a payment with HMRC) you will need to include the 14 or 15-character reference HMRC will have provided along with your payment. These references start the letter ‘X’.

Without a payslip, you cannot pay in person at your bank or building society but must pay via post, including your contact details, unique reference number, and details of the penalty, and period you are paying.

How much time Should I Allow for Paying an HMRC fine?

Always refer to HMRC’s correspondence to you as the primary guide but, failing that, here are the timeframes for settling fines or penalties. These are dependent on the method of payment.

  •         Online or telephone banking (Faster Payments) – Same or next day
  •         CHAPS – Same or next day
  •         At your bank or building society – Same or next day
  •         At the Post Office – Same or next day
  •         Online debit or credit card – Same or next day
  •         Bacs – 3 working days
  •         By cheque through the post – 3 working days
  •         Direct Debit – 5 working days

What are HMRC’s bank Details if I’m Paying the Penalty via Online or Telephone Banking, CHAPS, Bacs?

  •         Sort Code: 08 32 10
  •         Account Number: 12001020
  •         Account Name: HMRC Shipley

How long do fine Payments take to Reach HMRC once I’ve sent them?

Again, this is dependent on the method of payment. Average times are as follows:

Faster Payments (online or telephone banking) typically reach HMRC on the same or next day, including weekends and bank holidays

CHAPS Payments typically reach HMRC the same working day if you pay within your bank’s processing times

Bacs payments usually take at least three working days

How do I pay an HMRC Penalty if I’m Paying from an Overseas bank Account?

Overseas payments should go to a different account from UK based ones. The current details are as follows:

Account number: GB03 BARC 2011 4783 9776 92

(IBAN) Bank identifier code (BIC): BARCGB22

Account name: HMRC Shipley

Can I Settle an HMRC Penalty with a Credit Card?

HMRC do allow this although there are limitations on how many such payments you can make within a specific period. They have an online payment system for that here.

What’s the HMRC Postal Address if I’m Settling a fine Through the post?

Don’t forget to include your reference number. The correct address is as follows:

HMRC

Direct

BX5 5BD

Read more about HMRC Tax Problems

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