Tax Checked 2026-08-12

HMRC late payment and repayment interest rates

Late payment 7.75% · repayment 2.75%
per year · valid 2026-01-09 → until changed

What is the HMRC late payment and repayment interest rates right now?

The current figure is Late payment 7.75% · repayment 2.75% (per year), effective from 2026-01-09 to until changed, according to HMRC. Last checked against the official source on 2026-08-12.

Late payment = Bank base rate + 4%; repayment = base − 1% (floor 0.5%). Changes automatically ~13 working days after any base-rate move.

Cite this figure

The HMRC late payment and repayment interest rates is Late payment 7.75% · repayment 2.75% (per year), effective from 2026-01-09 (current until changed). Source: HMRC (https://www.gov.uk/government/publications/rates-and-allowances-hmrc-interest-rates-for-late-and-early-payments/rates-and-allowances-hmrc-interest-rates), via UK Rates & Thresholds (rates.trycashpilot.com), checked 2026-08-12.

Official sourceHMRC
Valid from2026-01-09
Valid tountil changed
Last checked2026-08-12
Machine-readableJSON for this figure

History

Previous values
8.00% / 3.00% from 2025-08-27
8.25% / 3.25% from 2025-05-28

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This is data, not advice. Figures are republished from official sources with links and dates. Always verify with the linked official source before acting.