Late Tax Return Interest Rate

System

Hello,

Can anyone confirm if the 7.5% rate of interest chargable on late returns is still correct (Pg 5.15 of Osborne P-Tax book)?

Have looked on HM Revenue & Customs website and can only find the penalties not the interest rate.

Thanks Em

System

Re:Late Tax Return Interest Rate

I take it your talking about income tax in which case the percentage rate is 6.5%.

http://www.hmrc.gov.uk/rates/interest-late.htm

Hope this helps.

Regards

Dean

System

Re:Late Tax Return Interest Rate

Thanks Dean