Paying PAYE via BACS

[BA to the Stars]

You can make one payment which gets allocated based on estimates, which is then corrected at year end.
You don't need to send in the yellow slips, but ensure that you quote your PAYE reference and period on the payment details.

Also worth noting that if your payment is less than £1500, you can opt to pay quarterly. If you don't state the period on the details, the payment will be allocated to the next available period, then you will start to get reminder notices for the last quarter.

I received one, which I called HMRC about, a month later I get a reminder, I call again, they had only allocated the payment to a month and not a quarter.

The advice was, make payments monthly even if it is for a small amount. Hmmm, electronic payments quarterly should be easier to manage than monthly payments made on paper - oh well, thats progress in the wonderful world of the Civil Service I suppose

[david@purpleaccounts.com]

You can make one payment which gets allocated based on estimates, which is then corrected at year end.
You don't need to send in the yellow slips, but ensure that you quote your PAYE reference and period on the payment details.

Also worth noting that if your payment is less than £1500, you can opt to pay quarterly. If you don't state the period on the details, the payment will be allocated to the next available period, then you will start to get reminder notices for the last quarter.

[ASB]

I've been paying our PAYE tax, employees NI and employers NI as one lump sum VIA BACS for the last 20 months with no problems.

From the horses mouth:-

"We will estimate the split of your payment between PAYE and NIC and correct the allocation later when we process your Employers Annual Return (P35 and P14s).

If you make separate payments of PAYE and NICs you can continue paying as now."

It appears the system has now changed. They used to insist on two seperate payments.

[r0bly0ns]

I've been paying our PAYE tax, employees NI and employers NI as one lump sum VIA BACS for the last 20 months with no problems.


Once I had told my accountant I was paying by BACS, he stopped sending me the little yellow slips......

[ASB]

I want to pay for next months PAYE payment via BACS. Do I still need to post in the yellow slip or will HMRC work out the tax/NI split on the year end PAYE submission?

You used to have to make two payments. One NI, one PAYE. They then apply it to your account in some random fashion.

[Sockpuppet]

How do you pay them normally then? Cash?

billpay.co.uk - 3rd party run by alliance and leicester iirc.

[Crossroads]

Personally I never let HMRC have my bank account details. I don't trust them...

How do you pay them normally then? Cash?

[oracleslave]

Personally I never let HMRC have my bank account details. I don't trust them...

Why? It's not like all your data is stored on some cd they might lose....

[BrilloPad]

Personally I never let HMRC have my bank account details. I don't trust them...

[Sockpuppet]

I've never sent one if doing bacs and never had anything said to me and last years year end was agreed by them (i.e. I got my £150 rebate).

[yetanotherone]

I want to pay for next months PAYE payment via BACS. Do I still need to post in the yellow slip or will HMRC work out the tax/NI split on the year end PAYE submission?