HMRC cuts late-payment and repayment interest rates

Published on: 11 February 2025

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Specialist Tax Regulatory Materials

Article summary

HMRC is reducing the late-payment interest rate to 7.00% and the repayment rate to 3.50% from 25 February 2025 for most taxes and payments. Interest on quarterly instalment payments of corporation tax will also be reduced from 17 February.

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

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