Interest and tax payments
HM Revenue & Customs charge interest on underpayments of tax, and pays interest (repayment supplement) on overpayments. The rate of interest paid on overpaid tax is lower than the rate charged on underpayments, and interest rates are adjusted in line with commercial interest rates.
This content is only available to our registered users.
Please log in or create a free account, to gain access to our extensive business, personal and tax guides.