HMRC interest rates following Bank of England rate cut

By P&A Knowledge Team · 15 May 2025 · Posted in

Following a Bank Rate cut to 4.25%, HMRC late payment and repayment interest rates will drop from 19 and 28 May 2025. Check which taxes this affects. The Bank of England’s Monetary Policy Committee (MPC) met on 8 May and, in a narrow 5-4 vote, CONTINUE READING