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HMRC have announced new rates of interest for quarterly instalment payments and early payments of corporation tax not due by instalments
HMRC have announced new rates of interest for quarterly instalment payments and early payments of corporation tax not due by instalments, in respect of accounting periods ending on or after 1 July 1999.
These new rates take effect from 21 April 2008.
The rate of interest charged on underpaid instalment payments of corporation tax changes from 6.25% to 6%.
The rate of interest on overpaid instalment payments of corporation tax, and on corporation tax paid early (but not due by instalments) changes from 5% to 4.75%.
