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HMRC changes bank

Bank details. HMRC is moving its banking arrangements to Barclays in February 2016. The good news is that if you make electronic payments of tax, VAT and NI you won’t need to take any extra steps because of this.

Payslips. However, if you use Giro Pay or Transcash payslips you should check that payments you make after the end of January 2016 go to the new HMRC account. You can check the details on its website. Payments that go to the wrong account will result in delays in being allocated against your tax bill

HMRC’s bank details are changing in February 2016. If you pay using a payslip, make sure that it shows the correct bank details before you make a payment. These can be found on HMRC’s website.