8. Dividends
How to declare dividends and make payments.
You can pay by bank transfer.
If you pay by CHAPS (Clearing House Automated Payment System) or Faster Payments, you can submit your payment on the same or next day.
If you pay by Bacs (Bankers Automated Clearing System), allow 3 working days for the payment to reach HMRC.
We recommend you check your bank’s processing times and maximum transaction limits before you pay.
What you need
You need your 13-character payment reference number. This is your 10-digit unique case reference number followed by a 3-letter suffix to show the type of insolvency the dividend refers to, for example, 8801234567CVA.
Account details to use if your bank account is in the UK
Use the following details to make a payment if your account is in the UK:
- sort code — 20 20 48
- account number — 30944793
- account name — HMRC NIC Receipts
Account details to use if your bank account is overseas
Use the following details to make a payment if your account is overseas:
- account number (IBAN) — GB49 BARC 2020 4830 9447 93
- Business Identifier Code (BIC) — BARCGB22
- account name — HMRC NIC Receipts
This table details the dividend types and their unique 3-digit suffixes.
| Dividend type suffix | 3-digit suffix |
|---|---|
| Individual Voluntary Arrangement | IVA |
| Sequestrations | SEQ |
| Trust deeds | TRD |
| Northern Ireland bankruptcy | IBY |
| Members voluntary liquidations | MVL |
| Company liquidation cases | LIQ |
| Individual bankruptcy or partnerships | BKY |
| Company Voluntary Arrangement | CVA |
| Partnership Voluntary Arrangement | PVA |
| Administration | ADM |
| Petition costs | PET |
Our unique case reference numbers start with 623 or 075 or 880 followed by 7 digits.
You can contact us if you are unsure how to use the reference format, or our claim does not have a reference number.
When part of a claim is paid as a dividend, the claim figure on which any subsequent dividend payments are calculated is not reduced. The claim calculated at the relevant date stands, and all dividend payments must be based on that figure.
Where to send dividends
For businesses subject to:
- any form of administration — send to the Enforcement and Insolvency Service (read section 1.4)
- voluntary arrangements — send to the Voluntary Arrangement Service (read section 1.5)
For Scottish trust deeds and deeds or schemes of arrangement, you should send dividends to:
Debt Management — EIS E
HM Revenue and Customs
BX9 1SD
If you have not received a claim from us and you intend to pay a dividend, submit your notice of intended dividend by email. You’ll need to use the contact details in section 1.4 of this handbook.