Guidance

Rates and allowances: HMRC interest rates for late and early payments

Find the interest rates that apply on late or early payments across all tax regimes.

From:
HM Revenue & Customs
Published
1 January 2010
Last updated
520 AugustNovember 2024 — See all updates

Documents

HMRC interest rates for late and early payments

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The attached document is classified by HMRC as guidance and contains information on the interest rates that apply on late or early payments across all tax regimes.

Updates to this page

Published 1 January 2010
Last updated 520 AugustNovember 2024 + show all updates

  1. The interest rates for late and early payments have been updated for November 2024.

  2. The interest rates for late and early payments have been updated for August 2024.

  3. Information about VAT for periods starting on or after 1 January 2023 and for departmental interest rates relating to VAT for periods starting on or before 31 December 2022 has been added.

  4. The interest rates for late and early payments have been updated for August 2023.

  5. The interest rates for late and early payments have been updated for July 2023.

  6. The interest rates for late and early payments have been updated for June 2023.

  7. The interest rates for late and early payments have been updated for April 2023.

  8. The interest rates for late and early payments have been updated for February 2023.

  9. The interest rates have been updated for January 2023.

  10. The interest rates have been updated for November 2022.

  11. The interest rates have been updated for October 2022.

  12. The interest rates have been updated for August 2022.

  13. The interest rates for late and early payments have been updated.

  14. The interest rates have been updated for May 2022.

  15. Repayment interest will be paid at 0.5% until the Bank of England raises the base rate above 1.5%. Then it will increase with the base rate.

  16. Details of how repayment and late payment interest rates are set have been added.

  17. The interest rates for late and early payments have been updated.

  18. The date the 2.75% interest came into effect in January 2022 has been amended from 4 January 2022 to 7 January 2022.

  19. The interest rates for late and early payments have been updated.

  20. Customs Duty and Excise Duty Drawback have been removed from the list of default and statutory interest in the departmental interest rates section.

  21. The interest rates for late and early payments have been updated.

  22. Excise Duty Drawback added to the departmental interest rates section.

  23. The late and early payment interest rates have been updated from 7 April 2020.

  24. The late payment interest rates have been updated from 30 March 2020.

  25. The interest rates charged on underpaid quarterly instalments and interest paid on overpaid quarterly payments have been updated.

  26. HMRC interest rates for late and early payments have been updated.

  27. HMRC interest rates for late and early payments have been updated.

  28. Interest rates for late payments changed from 21 November 2017, tables have been updated to reflect this.

  29. Interest rates for late payments will be revised following Bank of England interest rate cut. Tables have been updated to reflect this change.

  30. First published.

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