UK HMRC has announced the revision of late payment interest rates following the base rate increase by the Bank of England.
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HMRC late payment interest rates to be revised after Bank of England increases base rate
HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 0.25%.
The Bank of England Monetary Policy Committee voted on 16 December 2021 to increase the Bank of England base rate to 0.25% from 0.1%.
HMRC interest rates are link…