New Forest

20/10/2022

HMRC interest rates for late payments have been revised

On 22 September, the Bank of England increased the base interest rate from 1.75% to 2.25%. As a result of this, it meant that the HMRC interest rates also needed to increase.

The changes came into effect from:

  • 3 October 2022 for quarterly instalment payments
  • 11 October 2022 for non-quarterly instalments payments

HMRC interest rates are set in legislation, so they are linked to the base rate.

Read more here.

For more information on this, please contact Alan Rolfe on 023 8046 1235.

View news articles

Latest Tweets

HWB Accountants @hwb_accountants ·
20 Mar

The Economic Crime Levy is a new tax aimed at tackling financial crime and will apply to a range of sectors.

read more here 👉 https://bit.ly/3n819K0

#localbusiness #southampton #motivation

HWB Accountants @hwb_accountants ·
17 Mar

Purchasing managers’ index (PMI) data for February indicate encouraging resilience of the economy in the face of headwinds which include rising interest rates, the ongoing cost of living crisis, labour shortages and strikes.

read more here 👉 https://bit.ly/3Fw9NbK

#2023

Let’s Talk

Why not arrange a FREE consultation and find out what we can do for your business.

Request a FREE consultation