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.

View HMRC interest rates at https://www.gov.uk/government/publications/rates-and-allowances-hmrc-interest-rates-for-late-and-early-payments/rates-and-allowances-hmrc-interest-rates.

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