The Bank of England Monetary Policy Committee voted unanimously to increase the Bank of England base rate to 0.75% today (2 August 2018).
HMRC interest rates are linked to the Bank of England base rate and, as a consequence of the change, HMRC interest rates for late payment will be increased.
These changes will come into effect on:
- 13 August 2018 for quarterly instalment payments
- 21 August 2018 for non-quarterly instalment payments
Repayment interest rates remain unchanged.
We will update information on the interest rates for late payments shortly.
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