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Personal Taxation

HMRC Late Payment Interest Changes: What You Need to Know

HMRC Late Payment Interest Changes: What You Need to Know

In the October 2024 Budget, the UK government announced an increase in HMRC’s late payment interest rates, which will take effect from 6 April 2025. This change means that any overdue tax payments will now accrue interest at a higher rate, making it more crucial than ever to stay on top of tax obligations. What’s […]

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