PAYE payment dates

We would like to remind employers about the electronic PAYE payment dates. The due date for electronic PAYE payments falls on the 22nd of the month and when a payment is made electronically; payment on the day usually suffices.

However, where the due date falls on a non-banking day (weekend or bank holidays) HMRC must have cleared funds by the last bank working day before the 22nd. This advice is particularly relevant this month i.e. for electronic payments due on 22 December 2019 which this year falls on a Sunday. The electronic payments must, therefore, clear HMRC’s bank account by Friday 20 December 2019. This also coincides with the day a lot of employers will close up shop for the Christmas break.

Remember that electronic payments sent using the Faster Payments Service (FPS) are able to clear into HMRC’s account on a non-banking day – a Saturday, Sunday and most Bank Holidays. The service enables electronic payments to be made and processed in hours rather than days. Finally, if you pay by cheque through the post, the deadline is Thursday 19 December 2019.

For more information, Book a Free Consultation