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  • 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

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