HMRC are introducing a new payment method for employers to pay taxes to HMRC. The variable Direct Debit payment plan will be available from 19th September 2022.
Employers will be able to set up a DD instruction, authorising HMRC to collect the taxes due directly from the business bank account based on the filed submissions.
The following charges will be collected by HMRC if signed up to the variable payment plan:
- Full Payment Submission
- Employer Payment Summary
- Construction Industry Scheme
- Apprenticeship Levy
- Class 1A National Insurance
- Earlier Year Update
Unfortunately, only the employer will be able to create, view and cancel the DD, meaning agents such as payroll bureaus wouldn’t be able to do this on the employers’ behalf.
Further information can be found in the August 2022 HMRC Bulletin.