HMRC late payment and repayment interest rates

HMRC late payment and repayment interest rates

HMRC has increased the interest rate for late paid Tax and National Insurance by 0.25% to 3% with effect from 21 November.

The rate for repayment interest on overpaid tax is unchanged at 0.5%. This has applied since 29 September 2009.

https://www.gov.uk/government/publications/rates-and-allowances-hmrc-interest-rates-for-late-and-early-payments/rates-and-allowances-hmrc-interest-rates