The latest rules update from HMRC on collecting and paying IPT;
HMRC will send you a notice to file with a deadline to send your return and pay what you owe.
You can extend the deadline by 7 days if you pay by:
- Direct Debit
- Faster Payments
- Bacs (Bankers Automated Clearing System)
- CHAPS (Clearing House Automated Payment System)
If you’re an overseas insurer and use an agent, they must complete and submit the return and pay HMRC by the deadline.
If the deadline is on a weekend or bank holiday, make sure your payment reaches HMRC by the end of the previous working day.
If you do not pay by the deadline, you may need to pay a penalty, interest or both.
What you need
You need your 15-character reference number starting with X.
You can find this on:
- the registration certificate
- the notice to file
- other correspondence HMRC sends you
If you use an incorrect reference number there will be a delay in the payment being allocated correctly.
Pay online
You can approve a payment through your online bank account.
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