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HMRC cuts late-payment and repayment interest rates

Published on: 06 August 2024
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Specialist Tax Regulatory Materials

Article summary

HMRC is reducing the late-payment interest rate to 7.5% and the repayment rate to 4% from 20 August 2024 for most taxes and payments. Interest on quarterly instalment payments of corporation tax will also be reduced from 12 August.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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