late payment HMRC

Late payment interest hike increases taxpayers challenges

14th August 2023 Commercial Collections and Recoveries | #late payment HMRC

A hike in the interest rate charged for late payment of taxes means that customers who fail to pay their taxes on time will face a 7.75% late payment fee, up from the current rate of 7.5%. Quarterly instalment payee will see the change come into effect on 14th August, while for non-quarterly instalment payments,…

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late payment HMRC

Late payment interest hike increases taxpayers challenges

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