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HMRC cuts late-payment and repayment interest rates

Published on: 21 November 2024
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Specialist Tax Regulatory Materials

Article summary

HMRC is reducing the late-payment interest rate to 7.25% and the repayment rate to 3.75% from 26 November 2024 for most taxes and payments. Interest on quarterly instalment payments of corporation tax will also be reduced from 18 November.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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