Pay a penalty charge for not registering or maintaining a trust

HMRC may charge you a fixed penalty if you deliberately fail to either:

• register a trust
• keep a trust’s details up to date

ThisYou’ll guideneed explainsto how you can pay athe trust penalty charge.

Findcharge outwithin how30 todays makeof otherthe typesdate ofwe paymentissue tothe HMRC.penalty.

You can request a review or appeal against a trust penalty charge if you do not agree with HMRC’s decision.

WhatWhen you’llto needpay

We’llYou sendwill youneed ato lettermake tosure tellpayment youreaches aboutus awithin penalty30 charge.days of the date we issue the penalty. This date will be on the letter will:we sent to you.

• tell

  The time you howneed muchto allow depends on how you needpay.

  provide
  there

  Payment method	Time to payallow
  Direct Debit	3 working days
  Approve a 14-digitpayment referencethrough numberyour startingonline withbank anaccount	Same Xor —next youday
  Pay mustonline useby thisdebit whenor youcorporate makecredit acard	Same paymentor tonext us Ifday
  Faster youPayments use(online theor wrongtelephone referencebanking)	Same numberor whennext youday
  CHAPS	Same makeor anext payment: day
  Bacs	3 working days

  If willthe bedeadline is on a delayweekend inor thebank holiday, make sure your payment beingreaches allocatedHMRC correctly

• you’llby receivethe aend paymentof reminder

the previous working day.

HowWhat toyou payneed

You canneed paythe aletter we sent you about the penalty chargecharge. by:This letter will:

• Directtell Debit
• usingyou ourhow onlinemuch serviceyou andneed yourto bank detailspay
• bankprovide transfer
• credita or14-character debitpayment cardreference number starting with an X
• cheque

Make a payment online

You canmust payuse theyour penalty14-character chargepayment reference starting directly,with usingX yourwhen onlineyou or mobile bank account.pay.

BeforeIf you start,use you’llan needincorrect toreference have your:number:

• onlinethere bankingwill detailsbe a delay in the payment being allocated correctly
• 14-digityou referencewill numberreceive startinga withpayment an Xreminder

Pay online

WhenYou you’recan readypay toby pay,approving selecta ‘paypayment now’through to start your penaltyonline chargebank payment.account Selectby selecting the ‘pay by bank account’ optionoption.

You whenwill prompted. You’ll then be directed to sign in to your online or mobile banking account to approve your payment.

The payment is usually instant but can sometimes takeit takes up to 2 hours to show in your account.

Alternatively, Payyou nowcan

Paymake a full payment online byusing Directa Debit

Ifdebit you’reor registeredcorporate tocredit usecard. HMRCThere Onlineis Servicesa younon-refundable canfee setif upyou use a Directcorporate Debitcredit onlineor todebit collectcard. yourYou payment.cannot pay by personal credit card.

YouYour shouldpayment setwill upbe theaccepted Directon Debitthe atdate leastyou 5make workingit daysand beforenot the date youit wantreaches yourHMRC’s paymentaccount to(including beweekends collected.and bank holidays).

Bank

You detailsmust formake online,sure Bacsthe anddetails CHAPS

Youyou canenter paymatch bythose Fasterheld Payments,by Bacsyour bank or CHAPScard toprovider. HMRC’sFor account.

Sortexample, code	Accountthe number	Accountbilling name
20address 05should 17	40204374	HMRCmatch Generalthe BTone Receipts

your card is currently registered with.

Overseas

payments

Pay now

Pay by Direct Debit

UseAllow these10 detailsworking days for HMRC to payset fromup ana overseasDirect account.

AccountDebit. numberIf (IBAN)	Bankit identifierwill codenot (BIC)	Accountbe name
GB86set BARCup 2005in 1740time, 2043you’ll 74	BARCGB22	HMRCneed Generalto BTuse Receipts

another payment method.

At

You’ll need your bankreference ornumber buildingand society

bank details.

YouAsk canyour makebank to collect payment at yourleast own5 branch,working bydays chequebefore oryour cash.payment You’lldue needdate, youror 14-digitit referencewill numbernot startingbe withcollected. anPayment X.is You’lldue findwithin this30 indays of the letterdate we sentissue tothe you.penalty.

Make

Set sureup thata you:

Direct Debit online

• use

  Use your ownHMRC bankonline branchaccount orto you’llset beup chargeda forDirect theDebit. service

• makeYou’ll chequesneed payablethe toGovernment ‘HMGateway Revenueuser ID and Customspassword only’you andused writewhen youryou referenceregistered.

  Pay numberby onbank the back

transfer

HMRCIf willyou acceptpay by CHAPS (Clearing House Automated Payment System) or Faster Payments, you can submit your payment on the datesame or next day.

If you makepay itby andBacs not(Bankers theAutomated dateClearing itSystem), reachesallow our3 account,working ifdays youfor paythe betweenpayment Mondayto andreach Friday.HMRC.

By

We chequerecommend throughyou check the post

Makemaximum suretransaction thatlimit you:

• makeset by your chequebank.

  Account payabledetails to ‘HMuse Revenueif andyour Customsaccount only’

• writeis yourin referencethe numberUK

  Use on the backfollowing ofdetails theto chequemake —a you’llpayment findif thisyour account is in the letterUK:

  • sort wecode sent— 20 05 17
  • doaccount notnumber fold— the40204374
  • account chequename or— fastenHMRC documentsGeneral togetherBT Receipts

  Allow

  Account 3details workingto daysuse forif your paymentaccount tois reachoverseas

  Use HMRCthe andfollowing senddetails yourto make payment to:

  HMRC
  Direct
  BX5if 5BD
  your account is overseas:

  By

  • account debitnumber or(IBAN) credit— cardGB86 online

  There’sBARC a2005 non-refundable1740 fee2043 if74

• bank youidentifier paycode by(BIC) corporate— creditBARCGB22
• account orname corporate— debitHMRC card.
  General BT Receipts

There’sYou nomust feemake ifall youpayments payin bysterling personal debit card.(GBP).

YouIf cannotneeded, payyou can provide your bank with athe personalfollowing creditHMRC card.banking address:

Pay withat anyour X.bank Thisor willbuilding besociety

You oncan themake letterpayment weat sentyour toown you.branch, by cheque or cash.

Ifbe you’recharged unablefor tothe service

make fullcheques paymentpayable byto credit‘HM orRevenue debitand cardCustoms you’llonly’ haveand towrite payyour areference differentnumber way.

on the back

HMRC will accept your payment on the date you make it,it and not the date it reaches HMRC’sour accountaccount, (includingif bankyou holidayspay between Monday and weekends).Friday.

HowPay much time to allow for payments to be received by HMRCcheque

YouAllow will3 needworking todays makefor sureyour payment reachesto usreach withinHMRC.

Make 30your dayscheque ofpayable theto date‘HM weRevenue issueand theCustoms penalty.only’ Thisand datewrite willthe bereference number on the letter we sent to you.back.

TheDo timenot youfold needthe tocheque allowor forattach yourit payment to reachother HMRC depends on how you pay.papers.

5BD

2023 2023 updates

Payment You method	Timecan allowance
Directinclude Debit	5 working days
Approve a paymentletter throughto yourask onlinefor banka account	Samereceipt. Send oryour nextcheque day
Onlineto: HMRC Direct BX5 or telephone banking (Faster Payments)	Same or next day
Bacs	3Published working20 days
CHAPS	SameJanuary or next day
Online Last withupdated a1 debitSeptember or credit card	Same+ show orall next day
At 1 yourSeptember bank2023 You orcan buildingno society	Samelonger orset nextup day
Bya chequeDirect inDebit theby post	3print workingand days