HMRC raises late payment interest from 11 October
Published by Michael Graves on Thu, 13/10/2022 - 1:05pmHMRC will raise interest rates on tax debt from 11 October following the 0.5% increase in the base rate.
This means that the late payment interest rate will increase to 4.75% from 11 October 2022. The rate last increased to 4.25% on 23 August. This is the highest rate since the height of the financial crisis in January 2009.