HMRC updates interest rates following Bank of England decision

Published on: 20 December 2022

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Specialist Tax Regulatory Materials

Article summary

HMRC is increasing the late-payment rate of interest to 6%, and the repayment rate to 2.5%, from 6 January 2023. Interest on quarterly instalment payments of corporation tax is also increased from 26 December 2022.

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

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