HMRC revises late payment interest rates following BoE base rate increase

Published on: 04 February 2022

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Specialist Tax Regulatory Materials

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HMRC has announced that the interest rates for late payments will be revised. This follows from the Bank of England’s (BoE) Monetary Policy Committee vote on 2 February 2022 to increase the BoE interest rate from 0.25% to 0.50%.

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

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