HMRC interest rates

The current late payment and repayment interest rates applied to the main taxes and duties that HM Revenue and Customs currently charges and pays interest on are:

  • late payment interest rate - 3.0% from 29 September 2009
  • repayment interest rate - 0.5% from 29 September 2009

Late payment and repayment interest rates since September 2009

From Late payment % Repayment %
29 September 2009 3.00 0.50

Late payment and repayment interest rates pre 5 April 2009

Income Tax, National Insurance Contrbutions, Capital Gain Tax, Stamp Duty Land Tax, Stamp Duty and Stamp Duty Reserve Tax (from 1 October 1999)

From Late payment % Repayment %
24 March 2009 2.50 0.00
27 January 2009 3.50 0.00
6 January 2009 4.50 0.75
6 December 2008 5.50 1.50
6 November 2008 6.50 2.25
6 January 2008 7.50 3.00
6 August 2007 8.50 4.00
6 September 2006 7.50 3.00
6 September 2005 6.50 2.25
6 September 2004 7.50 3.00
6 December 2003 6.50 2.25
6 August 2003 5.50 1.50
6 November 2001 6.50 2.25
6 May 2001 7.50 3.00
6 February 2000 8.50 4.00

Corporation Tax Pay and File

From Late payment % Repayment %
29 September 2009 3.00 0.50
24 March 2009 1.75 0.00
27 January 2009 2.75 0.00
6 January 2009 3.50 0.50
6 December 2008 4.25 1.25
6 November 2008 5.00 2.00
6 January 2008 6.00 2.75
6 August 2007 6.75 3.50
6 September 2006 6.00 2.75
6 September 2005 5.25 2.00
6 September 2004 6.00 2.75
6 December 2003 5.25 2.00
6 August 2003 4.25 1.25
6 November 2001 5.00 2.00
6 May 2001 6.00 2.75
6 February 2000 6.75 3.50

Corporation Tax Pre-Pay and File Stamp Duty Reserve Tax (to 30 September 1999) and Petroleum Revenue Tax etc - Reg 3AA

From Late payment % Repayment %
29 September 2009 3.00 0.50
24 March 2009 2.00 2.00
27 January 2009 2.75 2.75
6 January 2009 3.50 3.50
6 December 2008 4.25 4.25
6 November 2008 5.00 5.00
6 January 2008 5.75 5.75
6 August 2007 6.50 6.50
6 September 2006 5.75 5.75
6 September 2005 5.00 5.00
6 September 2004 5.75 5.75
6 December 2003 5.00 5.00
6 August 2003 4.25 4.25
6 November 2001 5.00 5.00
6 May 2001 5.75 5.75
6 February 2000 6.50 6.50

Corporation Tax Self Assessment, from normal due date

From Late payment % Repayment %
29 September 2009 3.00 0.50
24 March 2009 2.50 0.00
27 January 2009 3.50 0.00
6 January 2009 4.50 1.00
6 December 2008 5.50 2.00
6 November 2008 6.50 3.00
6 January 2008 7.50 4.00
6 August 2007 8.50 5.00
6 September 2006 7.50 4.00
6 September 2005 6.50 3.00
6 September 2004 7.50 4.00
6 December 2003 6.50 3.00
6 August 2003 5.50 2.00
6 November 2001 6.50 3.00
6 May 2001 7.50 4.00
6 February 2000 8.50 5.00

Inheritance Tax, Capital Transfer Tax and Estate Duty - Reg 4A

From Late payment % Repayment %
29 September 2009 3.00 0.50
24 March 2009 0.00 0.00
27 January 2009 1.00 1.00
6 January 2009 2.00 2.00
6 December 2008 3.00 3.00
6 November 2008 3.00 3.00
6 January 2008 4.00 4.00
6 August 2007 5.00 5.00
6 September 2006 4.00 4.00
6 September 2005 3.00 3.00
6 September 2004 4.00 4.00
6 December 2003 3.00 3.00
6 August 2003 2.00 2.00
6 November 2001 3.00 3.00
6 May 2001 4.00 4.00
6 February 2000 5.00 5.00

IT-CP and other duties attracting S87 interest for APs ending on or after 1 July 1999

From Late payment %
29 September 2009 3.00
24 March 2009 2.50
27 January 2009 3.50
6 January 2009 4.50
6 December 2008 5.50
6 November 2008 6.50
6 January 2008 7.50
6 August 2007 8.50
6 September 2006 7.50
6 September 2005 6.50
6 September 2004 7.50
6 December 2003 6.50
6 August 2003 5.50
6 November 2001 6.50
6 May 2001 7.50
6 February 2000 8.50

Departmental interest rates

Default and statutory interest

Interest rates relating to VAT, Air Passenger Duty, Insurance Premium Tax, environmental taxes and customs duty

Start date End date Default interest

Rate applicable
Statutory interest

Rate applicable
29 September 2009   3.0% 0.5%
24 March 2009 28 September 2009 2.5% 0%
27 January 2009 23 March 2009 3.5% 0%
06 January 2009 26 January 2009 4.50% 1%
06 December 2008 05 January 2009 5.50% 2%
06 November 2008 05 December 2008 6.50% 3%
06 January 08 05 Novemebr 2008 7.50% 4%
06 August 2007 05 January 2008 8.50% 5%
06 September 2006 05 August 2007 7.50% 4%
06 September 2005 05 September 2006 6.50% 3%
06 Septemeber 2004 05 September 2005 7.50% 4%
06 December 2003 05 September 2004 6.50% 3%
06 August 2003 05 December 2003 5.50% 2%
06 November 2001 05 August 2003 6.50% 3%
06 May 2001 05 Novemeber 2001 7.50% 4%
06 February 2000 05 May 2001 8.50% 5 %
06 March 1999 05 February 2000 7.50% 4%
06 January 1999 05 March 1999 8.50% 5%
06 July 1998 05 January 1999 9.50% 6%

Other Corporation Tax Self Assessment interest rates

Interest charged on underpaid quarterly instalment payments

From To Percentge
16 March 2009   1.50
16 February 2009 15 March 2009 2.00
19 January 2009 15 February 2009 2.50
15 December 2008 18 January 2009 3.00
17 November 2008 14 December 2008 4.00
20 October 2008 16 November 2008 5.50
21 April 2008 19 October 2008 6.00
18 February 2008 20 April 2008 6.25
17 December 2007 17 February 2008 6.50
16 July 2007 16 December 2007 6.75
21 May 2007 15 July 2007 6.50
22 January 2007 20 May 2007 6.25
20 November 2006 21 January 2007 6.00
14 August 2006 19 November 2006 5.75
15 August 2005 13 August 2006 5.50
16 Aug 2004 14 Aug 2005 5.75
21 June 2004 15 August 2004 5.50
17 May 2004 20 June 2004 5.25
16 February 2004 16 May 2004 5.00
17 November 2003 15 February 2004 4.75
21 July 2003 16 November 2003 4.50
17 February 2003 20 July 2003 4.75
19 November 2001 16 February 2003 5.00
15 October 2001 18 November 2001 5.50
01 October 2001 14 October 2001 5.75
13 August 2001 30 September 2001 6.00
21 May 2001 12 August 2001 6.25
16 April 2001 20 May 2001 6.50
19 March 2001 15 April 2001 6.75
19 February 2001 18 March 2001 6.75
20 April 2000 18 February 2001 7.00
21 February 2000 19 April 2000 8.00
24 January 2000 20 February 2000 7.75
15 November 1999 23 January 2000 7.50
20 September 1999 14 November 1999 7.25
21 June 1999 19 September 1999 7.00
19 April 1999 20 June 1999 7.25
15 February 1999 18 April 1999 7.50
18 January 1999 14 February 1999 8.00
01 January 1999 17 January 1999 8.25

Interest paid on overpaid quarterly instalment payments and on early payments of Corporation Tax not due by instalments

From To Percentge
21 Sep 2009   0.50
16 March 2009 20 September 2009 0.25
16 February 2009 15 March 2009 0.75
19 January 2009 15 February 2009 1.25
15 December 2008 18 January 2009 1.75
17 November 2008 14 December 2008 2.75
20 October 2008 16 November 2008 4.25
21 April 2008 19 October 2008 4.75
18 February 2008 20 April 2008 5.00
17 December 2007 17 February 2008 5.25
16 July 2007 16 December 2007 5.50
21 May 2007 15 July 2007 5.25
22 January 2007 20 May 2007 5.00
20 November 2006 21 January 2007 4.75
14 August 2006 19 November 2006 4.50
15 August 2005 13 August 2006 4.25
16 August 2004 14 August 2005 4.50
21 June 2004 15 August 2004 4.25
17 May 2004 20 June 2004 4.00
16 February 2004 16 May 2004 3.75
17 November 2003 15 February 2004 3.50
21 July 2003 16 November 2003 3.25
17 February 2003 20 July 2003 3.50
19 November 2001 16 February 2003 3.75
15 October 2001 18 November 2001 4.25
01 October 2001 14 October 2001 4.50
13 August 2001 30 September 2001 4.75
21 May 2001 12 August 2001 5.00
16 April 2001 20 May 2001 5.25
19 March 2001 15 April 2001 5.50
19 February 2001 18 March 2001 5.50
21 February 2000 18 February 2001 5.75
24 January 2000 20 February 2000 5.50
15 November 1999 23 January 2000 5.25
20 September 1999 14 November 1999 5.00
21 June 1999 19 September 1999 4.75
19 April 1999 20 June 1999 5.00
15 February 1999 18 April 1999 5.25
18 January 1999 14 February 1999 5.75
01 January 1999 17 January 1999 6.00