New rates of interest on direct and indirect taxes and national insurance contributions paid late and overpaid have been announced by HMRC.
The rate of interest on overpaid income tax, national insurance contributions, capital gains tax, stamp duty, stamp duty land tax and stamp duty reserve tax changes from 3% to 4%.
The rate of interest for late payments or repayments of inheritance tax, capital transfer tax and estate duty changes from 7.5% to 8.5%.
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November