BETA

You're viewing an updated version of this site - your feedback will help us to improve it.

News

HMRC late payment interest rates to be revised August 2023

The Bank of England Monetary Policy Committee announced on 3 August 2023 to increase the Bank of England base rate to 5.25% from 5%.

HMRC interest rates are linked to the Bank of England base rate.

As a consequence of the change in the base rate, HMRC interest rates for late payment and repayment will increase.

These changes will come into effect on:

  • 14 August 2023 for quarterly instalment payments
  • 22 August 2023 for non-quarterly instalments payments

For further information please select the following link HMRC late payment interest rates to be revised after Bank of England increases base rate - GOV.UK (www.gov.uk) 
 


Business Wales Helpline

03000 6 03000

Lines are open 10am to 4pm Monday to Friday.

Rydym yn croesawu galwadau’n Gymraeg.
We welcome calls in Welsh.