Paying Corporation Tax? Always use the correct reference or risk delays and penalties.

To pay Corporation Tax via online or telephone bank transfer, you can use either a UK or overseas bank account.

UK Bank Accounts

You can transfer funds using Faster Payments, CHAPS, or Bacs, either online or by calling your bank. Faster Payments usually reach HMRC on the same or next day (including weekends), CHAPS payments arrive the same working day if made within your bank’s cut-off time, and Bacs payments typically take up to 3 working days.

Use the account details provided in your HMRC ‘notice to deliver your tax return’ or reminder. If unsure, use one of the following:

• HMRC Cumbernauld
  • Sort code: 08 32 10
  • Account number: 12001039
• HMRC Shipley
  • Sort code: 08 32 10
  • Account number: 12001020

Overseas Bank Accounts

You can also pay from an overseas account using:

• HMRC Cumbernauld
  • IBAN: GB62 BARC 2011 4770 2976 90
  • BIC: BARCGB22
• HMRC Shipley
  • IBAN: GB03 BARC 2011 4783 9776 92
  • BIC: BARCGB22

You must ensure to include your 17-character Corporation Tax payment reference number for the correct accounting period. This reference changes each year so it is important to use the up-to-date reference number. Using the wrong one can delay your payment. You can find it in your company’s HMRC online account or on your ‘notice to deliver your tax return’ or on any reminders from HMRC.