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Where Taxpayers and Advisers Meet
VAT payments
21/07/2009, by Sarah Laing, Tax News - VAT & Excise Duties
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HMRC bank account details for payments of VAT changed from 8 July 2009.

For payments made by BACs Direct, Internet/telephone banking or CHAPS, HMRC is using the bank Citi and the new bank account details can be found online at http://www.hmrc.gov.uk/payinghmrc/vat.htm.
HMRC are working closely with the banking industry to ensure their systems are updated to reflect the new VAT bank account details. However businesses should be aware that not all banks will be able to make the changes immediately and for a short period businesses may need to continue to use the old bank account details.

Where businesses use the old bank details, payments should still be received by HMRC and credited to the correct VAT accounts.

For further details, see the HMRC website at http://www.hmrc.gov.uk/payinghmrc/vat-payt.htm.

About The Author

Sarah Laing
Editor, TaxationWeb News

Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter, Taxes - The Weekly Tax News, the Red & Green legislation volumes, Hardman's, International Tax Agreements and many others. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences).

Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms. She now works as a freelance author providing technical writing services for the tax and accountancy profession.

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