Steve McCabe – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Steve McCabe on 2016-03-03.

To ask Mr Chancellor of the Exchequer, what plans he has to modernise the HM Revenue and Customs payment system to allow people to make payments via BACS bank transfers.

Mr David Gauke

HM Revenue and Customs’ (HMRC) payment systems allow customers to make payments via BACS or Faster Payment bank transfers for the vast majority of taxes and regimes. In 2014/15, HMRC received just under 16 million BACS and Faster Payments, totalling £186 billion, which equates to almost a quarter of all payments made to HMRC in that year. Customers can also pay electronically using HMRC’s Online Payment Service, by Direct Debit or CHAPS.