15 Oct PAYE payment dates
We would like to remind employers about the electronic PAYE payment dates. The due date for electronic PAYE payments is 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 next month i.e. for electronic payments due on 22 November 2015 which this year falls on a Sunday. The electronic payments must therefore clear HMRC’s bank account by Friday 20 November 2015.
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.