Payments from overseas to HMRC

Updated Bank Details for Payments from Overseas to HMRC

If you need to make payments from overseas to HMRC, be aware that HMRC’s bank account details have changed. These changes affect only international payments, while domestic UK payments remain unaffected.

From now on, overseas payments must be sent to the following updated account details:

  • IBAN: B62BARC20114770297690
  • BIC: BARCGB22
  • Account Name: HMRC Cumbernauld

This update follows HMRC’s transition from Citi to Barclays, ensuring a more streamlined and secure payment process for taxpayers making international transactions.

UK Bank Payments Remain Unchanged

If you are making HMRC payments from a UK bank, this change does not affect you. The existing account number and sort code remain valid, as they were automatically transferred when HMRC switched banking providers.

However, if you usually make payments from overseas, it is important to update your bank records to avoid delays or failed transactions.

How to Ensure Your HMRC Payment is Processed Correctly

To prevent issues with payments from overseas to HMRC, follow these best practices:

  • Double-check the new bank details before sending any funds.
  • Ensure your payment includes the correct reference number, such as your Unique Taxpayer Reference (UTR) or VAT reference.
  • Allow extra processing time for international transfers, as bank delays could result in late payment penalties.

Keeping your records updated and ensuring timely payments will help avoid unnecessary complications with HMRC transactions.

How We Can Help

At Lewis Brownlee, we provide expert guidance on payments from overseas to HMRC, ensuring your tax obligations are met efficiently and on time.

We offer a free introductory meeting to help you navigate international tax payments and ensure compliance with HMRC regulations. Help is at hand!

For professional tax advice, contact us today.

Final Thoughts

Understanding payments from overseas to HMRC is essential for businesses and individuals making international tax payments. Keeping your banking details up to date ensures seamless transactions and compliance with HMRC’s latest requirements.