HMRC Interest Rates = Profiteering From Late Payers

HMRC is profiteering from late payers by having different interest rates according to whether a taxpayer owes HMRC money or vice versa.  We have previously reported on the discrepancy, and we are not alone in condemning HMRC with the Chartered Institute of Taxation (CIOT) also stating that the situation is unfair.  In their budget submission, […]

Why Are Mortgage Rates Rising And What Can You Do About It?

Your mortgage is one of the biggest financial decisions you’ll ever make. Whether you’re taking that first step onto the property ladder, or your existing rate is ending and you’re searching for your best option, you need to ask these important questions and ensure you have a clear understanding of the current situation. Mortgage rates […]

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 […]