top of page
Search
  • Farrell & Farrell
    • Apr 14, 2023
    • 1 min read

UK - HMRC raises late payment interest from yesterday, 13 April 2023

In response to the Bank of England’s recent 0.25% increase in the BOE base rate, i.e. to 4.25% (on 23 March), HMRC’s late payment interest rates will also increase with effect from 13 April 2023 as follows: -

  1. late payment interest rate — 6.5% increasing to 6.75%

  2. repayment interest rate — 3.0% increasing to 3.25%

3 views0 comments

Recent Posts

See All

UK: HMRC freezes director’s loan interest at 2.25%

HMRC has confirmed that the official rate of interest will not be increased for directors’ loans outstanding throughout the tax year 2024/25 using the normal averaging method of calculation, instead k

Tax Adviser Vacancy

#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown #accountantnearme #newryandmourne #qualifiedtaxadviser #wearehiring

UK: Interest rates will remain unchanged

The Bank of England has today confirmed that interest rates will remain unchanged at 5.25% as expected, despite a decrease in inflation.  The decision marks its fifth pause in a row, with the Monetary

bottom of page