GRI

HMRC interest rates update

News Tax & Compliance Law & Policy Updates
Date: 15th Aug, 2025 Source: Her Majesty’s Revenue and Customs (HMRC) Country: United Kingdom Original Source

Brief

"On August 7, 2025, the Bank of England Monetary Policy Committee announced a reduction in the Bank of England base rate to 4.00%. This change will affect HMRC interest rates for late payment and repayment, which are linked to the base rate. As a result, HMRC interest rates will decrease accordingly, with effect from August 18 and 27, 2025, respectively."

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Her Majesty’s Revenue and Customs (HMRC)

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