CT interest rate cut
Released 24 March 2020
Following the Bank of England’s base rate cut to 0.1%, HMRC have reduced the interest rate charged on underpaid corporation tax quarterly instalments to 1.25%, down from 1.75%.
Interest paid on overpaid quarterly instalment payments and on early payments of corporation tax not due by instalments remains at 0.5% and is unchanged since September 2009.
All other interest rates for late and early payments remain the same.