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Late payment interest increase

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HMRC is to increase its interest rates for late payment with effect from 13 November 2017 for quarterly instalment payments and 21 November for non-quarterly instalment payments. This follows the announcement of a rise in the Bank of England base rate to 0.5%.

HMRC is to increase its interest rates for late payment with effect from 13 November 2017 for quarterly instalment payments and 21 November for non-quarterly instalment payments. This follows the announcement of a rise in the Bank of England base rate to 0.5%. Repayment interest rates will remain unchanged.

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