HMRC’s Late Payment Interest Rates Rise
HMRC’s interest rate charged on unpaid tax rises to a new 13-year high of 5.5%, which is almost six times the rate paid on money HMRC owes it’s customers. In contrast, the rate HMRC pays on repayments to customers is far less generous and has increased from 1.25% to 2.0%. While the differential in HMRC’s […]