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Sam, Accountant
Category: Tax
Satisfied Customers: 14165
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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I may be late paying some of my corporation tax bill, due by

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I may be late paying some of my corporation tax bill, due by 30th June 2014.

What would be the daily interest payment applied to the part of the tax bill that was paid after 30th June?

Thanks for your question

Yes interest is charged from the first day the payment is late which sits at 3% currently

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Customer: replied 3 years ago.

Is it 3% per calendar day?


Did the interest rate drop to 0.5|% - there are two rates posted on HMRC's website


Thanks for your response
3% is the daily rate - the 0.5 applies to repayments made to you by HMRC (so if they owe you a refund)



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