HMRC increases late-payment interest rates

Published on: 04 August 2023

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Specialist Tax Regulatory Materials

Article summary

HMRC is increasing the late-payment interest rate to 7.75% and the repayment rate to 4.25% from 22 August 2023. Interest on quarterly instalment payments of corporation tax is also increased from 14 August 2023.

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

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