A complete guide to paying your VAT billMay 23, 2022
How to pay your UK VAT bill online
|VAT payment type||Transfer time|
|Faster Payments||On the same or next day, including weekends and bank holidays|
|Bacs||3 working days|
|Direct debit||3 working days|
|Debit or corporate credit||3 working days|
|Standing order||3 working days|
|At your bank or building society||3 working days (allow up to 6 weeks for the paying-in slips needed to make your payment to arrive)|
|Sort code||Account number||Account name|
|08 32 00||11963155||HMRC VAT|
Debit or corporate credit card
At your bank or building society
When do I need to pay my VAT bill?
Mistakes to avoid when making a payment
What if I don’t pay my VAT bill on time?
|Defaults within 12 months||Surcharge if annual turnover is less than £150,000||Surcharge if annual turnover is £150,000 or more|
|2nd||No surcharge||2% (no surcharge if this is less than £400)|
|3rd||2% (no surcharge if this is less than £400)||5% (no surcharge if this is less than £400)|
|4th||5% (no surcharge if this is less than £400)||10% or £30 (whichever is more)|
|5th||10% or £30 (whichever is more)||15% or £30 (whichever is more)|
|6 or more||15% or £30 (whichever is more)||15% or £30 (whichever is more)|
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