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.
Details
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
98 MayAugust 2025
+ show all updates
8 August 2025
The interest rates for late payments have been updated for August 2025.
9 May 2025
The interest rates for late payments have been updated for May 2025.
27 March 2025
The interest rates for late payments have been updated for April 2025.
10 February 2025
The interest rates for late and early payments have been updated for February 2025.
20 November 2024
The interest rates for late and early payments have been updated for November 2024.
5 August 2024
The interest rates for late and early payments have been updated for August 2024.
8 January 2024
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 August 2023
The interest rates for late and early payments have been updated for August 2023.
30 June 2023
The interest rates for late and early payments have been updated for July 2023.
16 May 2023
The interest rates for late and early payments have been updated for June 2023.
24 March 2023
The interest rates for late and early payments have been updated for April 2023.
3 February 2023
The interest rates for late and early payments have been updated for February 2023.
20 December 2022
The interest rates have been updated for January 2023.
4 November 2022
The interest rates have been updated for November 2022.
23 September 2022
The interest rates have been updated for October 2022.
5 August 2022
The interest rates have been updated for August 2022.
23 June 2022
The interest rates for late and early payments have been updated.
6 May 2022
The interest rates have been updated for May 2022.
8 April 2022
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.
7 April 2022
Details of how repayment and late payment interest rates are set have been added.
18 March 2022
The interest rates for late and early payments have been updated.
16 February 2022
The date the 2.75% interest came into effect in January 2022 has been amended from 4 January 2022 to 7 January 2022.
8 February 2022
The interest rates for late and early payments have been updated.
22 December 2021
Customs Duty and Excise Duty Drawback have been removed from the list of default and statutory interest in the departmental interest rates section.
20 December 2021
The interest rates for late and early payments have been updated.
14 May 2020
Excise Duty Drawback added to the departmental interest rates section.
7 April 2020
The late and early payment interest rates have been updated from 7 April 2020.
30 March 2020
The late payment interest rates have been updated from 30 March 2020.
24 March 2020
The interest rates charged on underpaid quarterly instalments and interest paid on overpaid quarterly payments have been updated.
21 August 2018
HMRC interest rates for late and early payments have been updated.
13 August 2018
HMRC interest rates for late and early payments have been updated.
13 November 2017
Interest rates for late payments changed from 21 November 2017, tables have been updated to reflect this.
15 August 2016
Interest rates for late payments will be revised following Bank of England interest rate cut. Tables have been updated to reflect this change.
1 January 2010
First published.