HMRC announces late tax rate cut.HMRC announces late tax rate cut.The article announces that interest rates for late payment of taxes will fall one percentage point to 6.5% from November 6, 2008, according to Her Majesty's Revenue & Customs (HMRC). In addition, interest rates on overpaid ...
Penalties for late filing or late payment The global body for professional accountants About us Search jobs Find an accountant Technical activities Help & support Global Can't find your location/region listed?Please visit ourglobal websiteinstead...
Late payment interest is charged from the first day that the payment is overdue until the day it’s paid in full. It’s calculated at the Bank of England base rate plus 2.5%. If your payment is more than 15 days late, you’ll be charged: 16-30 days overdue – 2% on the VAT you...