VATupdate

Share this post on

HMRC Interest Rates Adjusted After Bank of England Rate Cut

  • Bank of England decreased Bank Rate by 0.25 percentage points
  • HMRC updated interest rate tables for late tax payments and tax repayments
  • New HMRC rates effective from 12 August 2024 for quarterly instalment payments of corporation tax
  • New HMRC rates effective from 20 August 2024 for most other tax payments

Source: taxscape.deloitte.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VATIT Compliance

Advertisements:

  • Exchange Summit
  • Pincvision