You may need to pay annual tax on enveloped dwellings if your company, partnership or collective investment scheme owns, either completely or partly, residential property worth more than £500,000.
You may need to pay Capital Gains Tax related to annual tax on enveloped dwellings if you sold a property before 6 April 2019. Find out more about Capital Gains Tax on high value residential property.
For disposals made from 6 April 2019, the related Capital Gains Tax will no longer apply. You must still declare gains on your company’s Corporation Tax return. If you do not already submit a Corporation Tax return, you must register a non-resident company for Corporation Tax.
What you need
You will need the reference given on the letter or email HMRC sent you 10 to 15 days after receiving your return or summary.
The reference is made up of 14 characters and starts with an ‘X’. For example, ‘XA123456789012’.
How much time to allow
If you do not pay by the deadline, you may need to pay a penalty and interest.
If the deadline falls on a weekend or bank holiday, you must make sure your payment reaches us on the last working day before (unless you pay by Faster Payments).
| Payment method | Time allowance |
|---|---|
| Approve a payment through your online bank account | Same or next day |
| 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 |
Approve a payment through your online bank account
You can pay by approving a payment through your online bank account by selecting the ‘pay by bank account’ option.
You will be directed to sign in to your online or mobile banking account to approve your payment.
You need your online banking details, such as your sort code and account number, to pay this way.
The payment is usually instant but sometimes it takes up to 2 hours to show in your account.
HMRC’s account details for bank transfers
Use these details to pay into a HMRC account by CHAPS, Bacs or Faster Payments.
We recommend you check the maximum transaction limit set by your bank.
Account details to use if your account is in the UK
| Sort code | Account number | Account name |
|---|---|---|
| 08 32 10 | 12001020 | HMRC Shipley |
Account details to use if your account is overseas
You must make all payments in sterling (GBP).
| Account number (IBAN) | Bank identifier code (BIC) | Account name |
|---|---|---|
| GB03 BARC 2011 4783 9776 92 | BARCGB22 | HMRC Shipley |
If you need to provide your bank with HMRC’s banking address it is:
Barclays Bank Plc
1 Churchill Place
London
United Kingdom
E14 5HP
Paying by cheque
Make your cheque payable to ‘HM Revenue and Customs only’ and write your reference on the back of the cheque.
If you’re sending a cheque for more than one property, list each dwelling and note the payment reference against each amount.
Do not fold the cheque or fasten it to other papers.
You should allow 3 working days for your payment to reach us. This will take longer if posting from overseas.
HM Revenue and Customs
Direct
BX5 5BD
You do not need to include a street name, city name or PO box with this address.
If you’re paying by post, you can include a letter with your payment to ask for a receipt.
