HMRC increases late payment interest rates to 7% from 31 May
HMRC (Her Majesty’s Revenue and Customs) has made changes to its interest rates for late payment bills, with a significant increase to 7% starting from 31 May. This rate is double the level compared to just a year ago. The adjustment in late payment and repayment interest rates aligns with the recent rise in the …
HMRC increases late payment interest rates to 7% from 31 May Read More »