Guidance

Pay Insurance Premium Tax

How to pay your Insurance Premium Tax bill and the time it takes for payment to reach HM Revenue and Customs (HMRC).

Overview

HMRC will send you a Notice to File with a deadline to send your return and pay what you owe.

The deadline for paying is extended by 7 days if you pay by:

  • CHAPS
  • Bacs
  • Direct Debit

If you’re an overseas insurer and use an agent, they must complete and submit the return and pay HMRC by the deadline.

How much time to allow

You must pay HMRC by the deadline or you may have to pay a penalty.

The time you need to allow for payment to reach HMRC depends on how you pay.

Payment method Time allowance
Online or telephone banking (Faster Payments) Same or next day
CHAPS Same or next day
Bacs 3 working days
By cheque through the post 3 working days
Direct Debit 10 working days

If the deadline falls on a weekend or bank holiday, make sure your payment reaches HMRC on the last working day before, unless you’re paying by Faster Payments.

Bank details for online or telephone banking

You can pay by Faster Payments, CHAPS or Bacs to HMRC’s account.

Sort code Account number Account name
08 32 00 11963163 HMRC Insurance Premium Tax

You’ll need your 15-digit reference number. You can find this on the registration certificate, Notice to File and other correspondence HMRC sends you.

Your payment may be delayed if you use the wrong reference number.

Payments by:

  • Faster Payments (online or telephone banking) usually reach HMRC on the same or next day, including weekends and bank holidays
  • CHAPS payments usually reach HMRC the same working day if you pay within your bank’s processing times
  • Bacs payments usually take 3 working days

Check your bank’s transaction limits and processing times before making a payment.

Overseas payments

You should use these details to pay from an overseas account.

Euros

Account number (IBAN) Bank identifier code (BIC) Account name
GB51 BARC 2005 1780 4439 99 BARCGB22 HMRC Central Taxes euro

Other currencies

Account number (IBAN) Bank identifier code (BIC) Account name
GB51 BARC 2005 1780 4439 99 BARCGB22 HMRC Insurance Premium Tax

You may need to provide your bank with HMRC’s banking address:

Barclays Bank Plc
1 Churchill Place
London
United Kingdom
E14 5HP

Direct Debit

To set up a Direct Debit, you can print out and post the Direct Debit Instruction form (EEITT15).

You should allow 10 working days for HMRC to set up your Direct Debit. If it won’t be set up in time, you’ll need to use another payment method.

You’ll need your 15-digit reference number. You can find this on the registration certificate, Notice to File and other correspondence HMRC sends you.

Your payment may be delayed if you use the wrong reference number.

Once HMRC has set up your Direct Debit, they’ll automatically collect the amount shown on your return.

By cheque through the post

Send your return, along with a cheque made payable to ‘HM Revenue and Customs only’, followed by your 15-digit reference number, to the following address:

HM Revenue and Customs
Direct
BX5 5BD
United Kingdom

You must not fold the cheque or fasten documents together.

You should allow 3 working days for your payment to reach HMRC. If you’re sending your payment by post, you can include a letter to request a receipt from HMRC.

Nothing to pay

If you get a Notice to File, but you’ve calculated that you’ve nothing to pay or are due a repayment, you must still send it back to HMRC.

Published 3 November 2014
Last updated 17 February 2017 + show all updates
  1. Change to the Direct Debit instruction form, and the postal payment address.
  2. First published.