Following the Bank of England’s decisions to reduce the base rate in response to the pandemic, HMRC have announced that their late payment interest rate will decrease to 2.6% with effect from 7 April 2020.

The rate, which applies to late payments of the main taxes and duties administered by HMRC, tracks at 2.5% above the base rate.


COVID-19: Government support tracker

External links

HMRC: interest rates for late and early payment