Detailed guide: Pay Stamp Duty Land Tax

Updated: Section ‘Ways to pay’ has been updated with information about payments by personal credit card from 13 January 2018.

Overview

From 1 April 2015 SDLT no longer applies to land transactions in Scotland. These will be subject to Land and Buildings Transaction Tax.

SDLT is paid when property is bought or transferred in the UK.

Payment of SDLT shouldn’t be confused with paying:

SDLT payments and returns are due within 30 days of the ‘effective’ transaction date. This is usually the date of transaction completion but can be earlier, such as the date:

  • the purchaser is entitled to take possession of the property
  • the first rent payment is due
  • of substantial completion – where at least 90% of the payment (or other exchange) is made

How much time to allow

Make sure you pay HMRC by the deadline or you may have to pay a penalty and/or interest.

The time you need to allow depends on how you pay.

Payment method Time allowance
Online or Faster Payments Same or next day
CHAPS Same or next day
At your bank or building society Same or next day
At the Post Office Same or next day
By debit or credit card online Same or next day
Bacs 3 working days
By cheque through the post 3 working days

Make sure your payment reaches HMRC on the last working day before the deadline if it falls on a weekend or bank holiday (unless you’re paying by Faster Payments).

Ways to pay

You can pay by Faster Payments, CHAPS or Bacs to HMRC’s account.

Bank details for online, CHAPS and Bacs

Sort code Account number Account name
08 32 10 12001020 HMRC Shipley

You’ll need your 11-character Unique Transaction Reference Number (UTRN). You’ll find this on your paper return or on your electronic SDLT5 certificate.

Your payment may be delayed if you use the wrong reference number.

It’s recommended that you make separate payments for each unique UTRN. If you need to make a single payment to cover a number of transactions you should first contact HMRC’s Shipley Accounts Office for further information. Only contact this team for advice on CHAPS payments.

Payments by:

  • Faster Payments (online or telephone banking) usually reach HMRC on the same or next day, including weekends and bank holidays
  • CHAPS usually reach HMRC the same working day if you pay within your bank’s processing times
  • Bacs usually take 3 working days

Overseas payments

Use these details to pay from an overseas account.

Account number (IBAN) Bank identifier code (BIC) Account name
GB03 BARC 2011 4783 9776 92 BARCGB22 HMRC Shipley

If you need to provide your bank with HMRC’s banking address it is:

Barclays Bank Plc

1 Churchill Place

London

United Kingdom

E14 5HP

By debit or credit card online

You can pay online.

There is a fee for credit cards.

You won’t be able to pay with a personal credit card from
13 January 2018.

HMRC limit the number of credit and debit card payments you can make to any single tax regime within a given period of time, so that only a reasonable number of payments can be made.

HMRC will determine what is reasonable by reference to payment card industry standards and guidance.

If you’re unable to make full payment by credit or debit card you’ll have to use an alternative payment method.

HMRC may withdraw the facility to pay by credit or debit card from any customer attempting to get around this restriction.

You’ll need your 11-character UTRN. You’ll find this on your paper return or on your electronic SDLT5 certificate.

Your payment may be delayed if you use the wrong reference number.

HMRC will accept your payment on the date you make it and not the date it reaches HMRC’s account, including on bank holidays and weekends.

At your bank or building society

You can make payment at your own branch by cheque or cash. You’ll need your 11-character UTRN. You’ll find this on your paper return or on your electronic SDLT5 certificate.

Make sure that you:

  • use your own bank branch – or you’ll be charged for the service
  • use your HMRC payslip if you completed a paper return or use software that requires a payslip that shows the UTRN of your submitted return
  • make cheques payable to ‘HM Revenue and Customs’ and write your UTRN on the front

Your payment may be delayed if you use the wrong reference number.

HMRC will accept your payment on the date you make it and not the date it reaches HMRC’s account, if you pay between Monday and Friday.

At the Post Office

You won’t be able to pay at the Post Office after 15 December 2017.

You can pay up to £10,000 at the Post Office without being charged using:

  • cheque (if accepted)
  • cash
  • debit card

Contact your local Post Office branch to check if you can pay by cheque.

Make sure that you either use:

  • your HMRC payslip if you completed a paper return, or you’ll be charged
  • software that requires a payslip that shows the UTRN of your submitted return

You should make cheques payable to ‘Post Office Ltd’.

HMRC will accept your payment on the date you make it if you pay between Monday and Friday, not the date it reaches HMRC’s account.

By cheque through the post

Make your cheque payable to ‘HM Revenue and Customs only’ followed by your 11-character UTRN. You’ll find this on your paper return or on your electronic SDLT5 certificate. If you’re sending a cheque for more than one UTRN you should send a schedule listing each UTRN against each amount.

If you filed a paper return you’ll need to complete the payslip (from the back of the return) and send this with your cheque.

Don’t fold the cheque or fasten it to other papers.

You should allow 3 working days for your payment to reach HMRC.

If you filed a paper return and wish to pay by cheque at the same time, send your return and payment to:

HMRC Stamp Taxes

Comben House

Farriers Way

Netherton

Merseyside

L30 4RN

If you filed electronically but choose to pay by cheque, send your payment, enclosing a payslip or quoting a UTRN to avoid delay to:

HM Revenue and Customs

Direct

BX5 5BD

You don’t need to include a street name, city name or PO box with this address.

If you have a reply envelope showing a different address (HM Revenue and Customs, Bradford, BD98 1YY), you can still use the envelope to post your cheque.

If you’re paying by post you can include a letter with your payment to request a receipt from HMRC.

Source: HMRC

Posted in Uncategorized and tagged .