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Goodbye Late Payment Interest - Hello HMRC Direct Debit! .... or so we thought!



That's right folks: HMRC has finally joined the 21st century and implemented a direct

debit system so you can easily pay your PAYE liabilities.


Great news - except that funds won't actually be taken until after the 22nd of each month, meaning late payment interest will start accumulating on your business tax account straight away... because why would they want to make it easy for us?


Rest assured though - once those pesky funds have been squeezed outta ya pocket into their coffers, any related interests charges magically disappear!


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