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UK – HMRC late payment interest rates to increase

  • Farrell & Farrell
  • Nov 8, 2022
  • 1 min read

In response to the Bank of England interest rate increase to 3.0%, HMRC’s late payment interest rates will also increase with effect from 22 November 2022 as follows: -

  1. late payment interest rate — 4.75% increasing to 5.5%

  2. repayment interest rate — 1.25% increasing to 2.0%




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Farrell & Farrell CA Limited (trading as Farrell & Farrell) is registered in NI with registration number NI 639336. Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry on audit work and regulated for a range of investment business activities by Chartered Accountants Ireland (CAI). Details about our audit registration can be viewed at www.auditregister.org.uk under reference number 3044856.

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