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TAX NEWS

Tax news in brief

Article

Published: 23 Feb 2022 Update History

Highlights from the broader tax news for the week ending 23 February 2022, including: HMRC release guidance on interest rates for late payments.

Guidance: interest rates for late payments

The current late payment and repayment interest rates applied to the main taxes and duties that HMRC currently charges and pays interest on are:

  • late payment interest rate — 3.0% from 21 February 2022
  • repayment interest rate — 0.5% from 29 September 2009

HMRC interest rates are shown in the tables here.

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