Are you or your clients making PAYE payments to HMRC? If so, it’s important to check that payment reference numbers are correct, otherwise payments may not be recognised, leading to penalties and charges. HMRC has sent a more detailed email on this issue.
A payment reference number is specific to the type of tax and the accounting period the payment is for. The characters in the payment reference number tells HMRC where to allocate payments to help process employers’ payments as quickly as possible.
Online banking services may also default to a previous payment reference, so make sure you check this is right, every time you pay HMRC.
HMRC wants to help employers get this right – employers can use the ‘Pay now’ tool on GOV.UK to find the correct reference number to use each time.
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