• Farrell & Farrell

UK – HMRC late payment interest rates to increase

In response to the Bank of England interest rate increase to 1.75%, HMRC’s late payment interest rates will also increase with effect from 23rd August 2022 as follows:-

  • late payment interest rate — 4.25%

  • repayment interest rate — 0.75%


#interestrates #hmrc #bankofengland

6 views0 comments

Recent Posts

See All

The BOE has today announced that it will step in and buy Government bonds to help “restore orderly market conditions”. The pound has fallen in value in recent days in response to the tax cuts announc

In response to the Bank of England interest rate increase to 2.25%, HMRC’s late payment interest rates will also increase with effect from 11 October 2022 as follows: - late payment interest rate — 4