Part 5 · Money, deadlines and trouble · Chapter 12

Getting the money to the FTA: Payments — GIBAN & card wallet

How a filed return actually gets paid

Ahmed Saleh, the accountant at Ajman Timber, calls on day 26 of 28. "The return is filed. How do I actually pay? Can I just use my card?"

Filing and paying are separate obligations. A return filed on time and paid late is still late.

Your mission

• Pay a filed return by GIBAN bank transfer and by card.
• Explain why each registration has its own GIBAN.
• Explain the late-payment penalty.

Rules settled in this chapter

• Card or bank?: Each registration has its own GIBAN for bank transfers. Filing on time doesn't excuse paying late; late payment has its own penalty.

GIBAN: the bank-transfer path

• A dedicated account number per registrant

Card payments and the gateway hand-off

• Leaving the FTA site to pay

What happens if you don't pay on time

• A separate charge from the tax itself

The full notes, client files and practice for this chapter unlock with the Course + Practice Pack.

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