Autumn Statement 2016

HMRC increases late payment interest rate Following the Bank of England’s latest increase in the base rate, HMRC has increased both late paid tax and the rate paid on repayments of tax.The Bank increased the base rate to 4.5% from 4.25% on 11 May, the 12th consecutive rise.The late payment and repayment interest rates follow…

HMRC cracking down on MVLs (Members Voluntary Liquidations)

HMRC increases late payment interest rate Following the Bank of England’s latest increase in the base rate, HMRC has increased both late paid tax and the rate paid on repayments of tax.The Bank increased the base rate to 4.5% from 4.25% on 11 May, the 12th consecutive rise.The late payment and repayment interest rates follow…

Autumn Statement 2015

HMRC increases late payment interest rate Following the Bank of England’s latest increase in the base rate, HMRC has increased both late paid tax and the rate paid on repayments of tax.The Bank increased the base rate to 4.5% from 4.25% on 11 May, the 12th consecutive rise.The late payment and repayment interest rates follow…

Summer Budget 8th July 2015

HMRC increases late payment interest rate Following the Bank of England’s latest increase in the base rate, HMRC has increased both late paid tax and the rate paid on repayments of tax.The Bank increased the base rate to 4.5% from 4.25% on 11 May, the 12th consecutive rise.The late payment and repayment interest rates follow…