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Tax News

HMRC increases late-payment interest rates

Published on: 08 August 2022
Published by a

Specialist Tax Regulatory Materials

Article summary

HMRC has increased the interest rates for late payments of tax following the Bank of England’s decision on 5 August 2022 to increase the bank base rate from 1.25% to 1.75%.

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

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