Do I need to disclose any information about my business bank account to HMRC?

0

Good afternoon, everybody. I am trying to find out about HMRC and how it interacts with companies. Namely: if I have a business bank account, do I need to tell HMRC about it? Thank you!

Answers

0

HMRC will require your company’s bank account details if you want to set up Direct Debit payments for Corporation Tax, VAT or PAYE. If you are due any tax repayments, you will also have to provide your banking details to get the money refunded directly into your account.

Other than this, you will probably not have to register your bank details with them.

a year ago
 

Your answer