Guidance on when and how to pay Land Transaction Tax.
Paying Land Transaction Tax
Once a tax return has been submitted, the taxpayer or their representative will need to pay any tax due.
You can pay using electronic payments (BACS/CHAPS payments and Faster Payments) and cheques. The payment needs to exactly match the amount that is shown on the tax return. You can only pay for one transaction per payment.
Making a payment if you submitted a return online
For every tax return that is submitted online, a unique transaction reference number (UTRN) will be produced immediately in your online account. You need to use this UTRN when you make a payment. All the information you need to make the payment is included in the payment slip you can download when you submit your return.
You need to complete your payment within 30 days from the day after the effective date of transaction, which is typically the date of purchase.
It is your responsibility to ensure that full payment reaches the WRA no later than the payment due date. Any late payments may be subject to interest charges and penalties. Further guidance on interest and penalty charges can be found in further detail here.
Making a payment if you have submitted a paper return
If you submit a paper return you will not be given a UTRN immediately, but this will be sent to you once your return has been processed by the WRA. To make sure your tax is paid on time you should use the following reference number:
“Postcode of lead buyer \ Surname or organisation name of lead buyer”
For example - CF379EH \ Bloggs
Please quote this payment reference number for your online payment or on the back of your cheque.
Please follow the process for a cheque payment as outlined below.
For BACS/CHAPS payments and Faster Payments, quote the UTRN in the Payment Reference section.
Please enter the 12 digit reference number first, with no gaps.
If you would like to add an additional reference for your internal processes please list this after the reference number. If you don’t do this the WRA will not be able to match the payment to your transaction.
If you submitted a paper return you need to quote the reference above. A separate payment must be made for each tax return. Payments should be made to the WRA bank account below:
|Account name:||Welsh Revenue Authority Tax|
|Bank:||Royal Bank of Scotland|
|Address:||Government Banking CST Parklands
De Havilland Way
You should use these details below to pay from an overseas account:
Account Number IBAN = GB46NWBK60708010028838
Bank Identifier Code (BIC) = NWBKGB2L
Payments by cheque
Cheques need to be made out to the Welsh Revenue Authority with the UTRN or payment reference number (if your filing by paper) on the reverse of the cheque.
If you are paying by cheque, the WRA must receive it 10 working days before the payment due date in order to process the cheque in time. The account from which the cheque is payable must also have sufficient funds at the time of receipt by the WRA. Failing to do so may mean the payment is subject to interest charges and possibly penalties for late payment.
Cheques should be posted to:
Welsh Revenue Authority
PO Box 110
Queries about payments
If you have any queries about payment, please contact us.