The Caithness Business Index has posted the following article:

HMRC late payment interest rates to be revised after Bank of England lowers base rate

[IMG][/IMG] HMRC interest rates for late payments will be revised following the Bank of England interest rate cut to 4.5%. The Bank of England Monetary Policy Committee announced on 6 February 2025 to reduce the Bank of England base rate to 4.5% from 4.75%. [Read Full Article]