Using Wise Directly to Taxes on HMRC Website- UK Users!

With HMRC’s self-assessment deadline fast approaching, Wise has good news for sole traders and freelancers in the UK – you can pay your taxes using Wise directly on the HMRC website. Wise Business now allows individuals and businesses in the UK to pay taxes seamlessly through Open Banking. Open Banking, facilitated by Application Programming Interfaces (APIs), enables secure sharing of financial information with trusted third-party providers. Users can connect accounts, authorize payments, and integrate with third-party apps effortlessly.

To make tax payments via Open Banking with Wise:

• Log in to your HMRC account.
• Navigate to the Payment section.
• Select Open Banking as your payment method under ‘Pay by Bank Account.’
• Choose your Wise Business Account.
• Specify the desired currency and authenticate the payment in your Wise app.
• Log out of your HMRC account.

Using Wise Directly to Taxes on HMRC Website- UK Users!

HMRC has partnered with Ecospend as the authorized third-party provider for this process. This will ensure a secure transaction experience. Users can access and pay for their UK local bank details for a one-time fee of £16/$30. They can facilitate local money transactions and enable the setup of Direct Debits for services like Smart Pension.

Wise’s comprehensive service offering sets it apart, claiming to be 8x cheaper than leading UK banks. With over 16 million customers since 2011, Wise emphasizes security, employing encryption, 2FA for logins, and 3DS for card payments. Additionally, Wise is regulated globally and has an in-house security team to monitor fraud, ensuring the safety of customer money and data.

For businesses seeking a British Pound Business Account, Wise provides a cost-effective solution. Users can save on currency exchange when managing savings with Smart Pension, benefiting from a first transfer fee-free offer of up to £10,000 upon signing up. Wise distinguishes itself by transparently using Reuters’ provided exchange rates. Wise eliminates hidden markups for fair and low-cost transfers.

Wise’s Comprehensive Services and Secure Approach Redefine Financial Transactions for Businesses and Individuals.

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