Reminder: Early tax payment deadline approaches

January 10th, 2018
Tax Return Assessment

 

If you prefer to pay your tax bill with a personal credit card, then you MUST submit this payment by midnight on Friday 12 January to guarantee that the payment is fully cleared with HMRC ahead of the Saturday 13 January early repayment deadline.

After Saturday 13 January, HMRC will no longer accept payments by credit cards. This is because, under new regulations, they can no longer pass on the credit card processing fees to customers.

Other payment methods, including direct debit, debit card, faster payment and BACS, will still be accepted. Anyone who doesn’t want to pay by personal credit card, has until midnight on Wednesday 31 January to make a payment.

Any tax payments made after this date will be subject to the following late payment fines:

Miss filing deadlines – £100
30 days late – 5% of tax due
3 months late – Daily penalty £10 per day for up to 90 days
6 months late – 5% of tax outstanding at that date
12 months late – 5% of tax outstanding at that date

For more information on how these changes affect you, and what options are available, contact your local Champion office today.


BACK TO NEWS PAGE »
Latest News

CHAMPION AND BELMONT CELEBRATE 17 YEARS ...

June 11th 2018

Champion Accountants’ Manchester office has been providing expert accountancy and business advisor...

HEALTHY NEW CLIENT WIN FOR CHAMPION

June 6th 2018

North-West based business advisory group, Champion Accountants, has secured a new client at their Ch...

Focus
management accounts

Our Management Accounts service takes this headache away from you. By providing accu...

corporate finance

We help raise finance, advising on the best methods for a given situation, identify ...

SPOTLIGHT ON R&D

MQI Limited

MQI Logo marketing1

MQI Limited develops complex manufacturing execution software systems which support regulatory requirements while reducing risk, lowering costs, improving efficiency and speed to market.

Our Tweets

Champion Accountants

Growth Protection Core Support Menu
Contact