Following the Bank of England base rate rise, HMRC interest rates for late payments have been increased to 2.75% for most taxes. The change applies from 4 January 2022.
For interest charged on underpaid corporation tax quarterly instalments, the rate is increased to 1.25% from 27 December 2021.
Repayment interest rates for most taxes remain at 0.5%.
Following the Bank of England base rate rise, HMRC interest rates for late payments have been increased to 2.75% for most taxes. The change applies from 4 January 2022.
For interest charged on underpaid corporation tax quarterly instalments, the rate is increased to 1.25% from 27 December 2021.
Repayment interest rates for most taxes remain at 0.5%.
