HMRC raises interest rates following Bank of England decision

Published on: 28 September 2022

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Specialist Tax Regulatory Materials

Article summary

The late-payment interest rate will increase to 4.75% and the repayment rate to 1.25%, from 11 October 2022. Corporation tax quarterly instalment rates will increase from 3 October 2022.

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

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