Taxpayers must send cheque payments to HMRC earlier from April or else pay on-line in order to avoid penalties.
From 1 April 2010, the taxman will not treat payments by cheque as received until the day the cheque clears, rather than when the cheque arrives in the post.
So if you are posting a cheque to HMRC, you must allow enough time for the post to be delivered and for the cheque to clear to avoid the risk of a late payment penalty.
Katy Gunnell of Pemberley Accounting advises that taxpayers should send cheques to HMRC at least 10 working days before the due date of payment in order to be confident that the cheque will clear in time. 'Even without the risk of postal delays, the taxpayer is now reliant on the efficiency of HMRC to bank cheques promptly!', she added.
HMRC is encouraging all taxpayers towards on-line filing and payment but this requires access to the internet, electronic registration and familiarity with the processes involved.
Pemberley Accounting is thoroughly experienced in on-line filing and payment routines. Why not call Katy today on 07810 518812 to discuss how she can help you and arrange your free initial consultation?