+44 (0)20 7833 3500  •  +1 212 465 7800  •  +64 4 499 6444  • 

HMRC: New Bank Account Details from 31 March 2016

Private Clients - 23 Mar 2016

HMRC are writing to all taxpayers who make payments from overseas to advise they have changed bank accounts, and what needs to happen to ensure they continue to receive payments:

  • When you make a payment from overseas you will need to give your bank a new Bank Identifier Code (BIC) and International Bank Account Number (IBAN)
  • Each type of tax has its own IBAN and BIC details
  • Click here to find out which details you need to use and select the type of tax to which your payments relates
  • The new bank accounts are now open so you can start using your new details immediately.
  • HMRCs previous accounts will close on 31 March 2016, so you must quote your new IBAN and BIC details from this date to make sure your payments are received.

If you don’t use the new details there is an increased chance that HMRC may not receive your payment. As a result of this you might have to pay interest and a penalty or surcharge for not paying your tax on time.

To print a copy of this article, click here.

Share this article:

Carol Hipwell

Carol Hipwell

Private Client Associate Director

T: +44 (0) 20 7833 3500
Email me
Office: London