Changes to HMRC bank details
HMRC is moving its banking business from the Bank of England. This change is as a result of a decision made by the Bank of England to no longer offer retail banking and clearing facilities for government and other large corporate customers.
With effect from April 2009, HMRC will be changing bank account details starting with self assessment, corporation tax, tax credits, PAYE, national insurance, pension schemes, stamp duty land tax, petroleum revenue tax and some other penalties and miscellaneous payments.
For most electronic payments, HRMC are now using Citi Bank. Details of bank account numbers can be found on correspondence from HMRC or atwww.hmrc.gov.uk/payinghmrc/index.htm. Payments using a Bank Giro will be handled by Natwest and Alliance & Leicester as well as the Post Office. In time payslips will be updated to include the new bank details.
For the time being, payments made using either the old or new bank account details will continue to be accepted by HMRC.
Further information on other taxes, such as VAT will be published as bank account details change.