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PAYE payment dates
19/02/2020

This article is a reminder to payroll staff 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, a 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 February 2020, which this year falls on a Sunday. The electronic payments must therefore clear HMRC’s bank account by Friday 21 February 2020.

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.


HEAD OFFICE

44 Broadway
Stratford
London
E15 1XH 

Tel: 0208 5191800

Mobile: 07900 394445

LONDON CITY OFFICE - BANK


23 Austin Friars,
London,
EC2N 2QP

Mobile: 07900 394 445 / 07951 722 081

info-bank@ybsmpartners.com

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