What interest does HMRC charge?

Aug 29

HMRC charges Base Rate + 2.5%* on late payments of tax. Currently with Base Rate at 5% interest is charged at 7.5%.

Current rates of interest are published by HMRC here.

*Correct at time of writing.

Damion Viney has been supporting business owners to make a success of their ventures since 2011 when he set up Co-. Blogs cover all aspects of business development. He is co-author of Improving the Numbers.

linkedin.com/damion-viney

What interest does HMRC charge?

Are Company Directors Employed or Self Employed?

What is the difference between bookkeeping and accounts?