7-day payment processing for banks

From 26 May 2023, banks will process transactions 365 days of the year including weekends and public holidays.

We won’t change our payment processing:

• Due dates for payments will still move to the following business day if they fall on a weekend or public holiday.
• We will pay Working for Families Tax Credits payments early when they fall on a public holiday.
• We won’t send funds to banks for processing on weekends or public holidays.

Payments to Inland Revenue will show with the effective date of the bank transfer. This date may be a weekend or public holiday if your bank processed the payment over that time.

SPS 21/03 - Tax payments when received on time

When to pay