GovWire

Bank of England cuts Bank Rate to 0.25%

HM Revenue and Customs

August 5
10:19 2016

The Bank of England Monetary Policy Committee voted unanimously on 4 August to cut the Bank of England base rate to 0.25%.

HMRC interest rates are linked to the Bank of England base rate.

As a consequence of the change in the base rate, HMRC interest rates for late payment will be reduced.

These changes will come into effect on:

  • 15 August 2016 for quarterly instalment payments
  • 23 August 2016 for non-quarterly instalment payments

Repayment interest rates remain unchanged.

Information on the interest rates for late payments will be updated shortly.

Related Articles

Comments

  1. We don't have any comments for this article yet. Why not join in and start a discussion.

Write a Comment

Your name:
Your email:
Comments:

Post my comment

Recent Comments

Follow Us on Twitter

Share This


Enjoyed this? Why not share it with others if you've found it useful by using one of the tools below: