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, […]