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HMRC revises late payment interest rates following BoE base rate increase

Published on: 04 February 2022
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Specialist Tax Regulatory Materials

Article summary

HMRC has announced that the interest rates for late payments will be revised. This follows from the Bank of England’s (BoE) Monetary Policy Committee vote on 2 February 2022 to increase the BoE interest rate from 0.25% to 0.50%.

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

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