top of page
  • Farrell & Farrell

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%

2 views0 comments

Recent Posts

See All

As if closing the HMRC phones for 3 months in the summer wasn’t enough …. News today is HMRC intend to do the same again for 7 weeks in the busiest 7 weeks of the year….! From 11 December until 31 Jan

A lovely write up in the Tax Adviser journal by Salema Hafix from CIOT who attended the recent Cross border tax conference that our director Elaine Farrell co-hosted with Catriona Loughran of Extra ta

#UKAutumnStatement2023 #TaxAdvisors #FarrellandFarrell #CrossBorder #CrossBorderTaxAdvisors #UKTaxAdvisors #ROITaxAdvisors #Accountantnearme #NewryandMourne

bottom of page