LATE PAYMENT INTEREST RATE RISES TO 3.25%

25/03/2022

Following the Bank of England’s recent announcement increasing the base rate, HMRC have announced that their late payment interest rate will also increase to 3.25% from 5 April 2022 (which is 2.5% above the base rate). This rate will apply to late payments of the main taxes and duties administered by HMRC.

 

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