HMRC
HMRC increase interest rates on late tax bills
HMRC increase interest rates on late tax bills From 5 July, HMRC will increase interest rates on late tax bills. This follows the Bank of England’s decision to raise the base rate to 1.25%. Furthermore, HMRC confirmed that interest rates will rise by a further 0.25% on late tax bills. As a result, late payment interest
24 June 2022
