Paying Insurance Premium Tax by Internet, telephone banking or BACS Direct Credit

You can use your bank or building society services to pay by Internet, telephone banking or Bankers' Automated Clearing Service (BACS) Direct Credit - available to businesses that are authorised by their bank to submit files direct to BACS.To make the payment you will need HM Revenue & Customs' (HMRC's) bank account details given below and your Insurance Premium Tax registration number.

If you pay using any of these methods, your bank will transfer your money electronically to HMRC.It normally takes three bank working days for payment to reach HMRC. Bank working days are Monday to Friday, excluding bank holidays. Some bank and building societies can take longer. You should check with your bank or building society to see how long they take to transfer payment and what their cut-off time is for initiating payment. If they take longer then you will need to initiate your payment earlier.

If your payment is made using the wrong sort code or account number there may be a delay in updating your record or the payment may not be received at all.Your Insurance Premium Tax reference number


When making an Insurance Premium Tax payment you will need your reference number. This is the same as your registration number, which is shown on your Insurance Premium Tax certificate of registration. The reference is made up of five digits, eg 12345.It is important that you show the reference number with no gaps between the characters otherwise it could lead to delays in updating your records.