Rates and allowances: HMRC interest rates for late and early payments
Find the interest rates that apply on late or early payments across all tax regimes.
Updates to this page
- From:
- HM Revenue & Customs
- Published:
- 1 January 2010
- Last updated:
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23 December 2025
Show all updates
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The rate of interest paid on overpaid quarterly instalment payments and on early payments of Corporation Tax not due by instalments has been updated with effect from 29 December 2025.
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The interest rates for late and early payments have been updated.
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Alcohol Duty (from 1 September 2025) has been added to the HMRC interest rates for late and early payments. The late payment and repayment interest rates apply to outstanding amounts of Alcohol Duty from 1 September 2025.
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The interest rates for late payments have been updated for August 2025.
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The interest rates for late payments have been updated for May 2025.
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The interest rates for late payments have been updated for April 2025.
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The interest rates for late and early payments have been updated for February 2025.
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The interest rates for late and early payments have been updated for November 2024.
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The interest rates for late and early payments have been updated for August 2024.
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Information about VAT for periods starting on or after 1 January 2023 and for departmental interest rates relating to VAT for periods starting on or before 31 December 2022 has been added.
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The interest rates for late and early payments have been updated for August 2023.
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The interest rates for late and early payments have been updated for July 2023.
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The interest rates for late and early payments have been updated for June 2023.
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The interest rates for late and early payments have been updated for April 2023.
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The interest rates for late and early payments have been updated for February 2023.
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The interest rates have been updated for January 2023.
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The interest rates have been updated for November 2022.
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The interest rates have been updated for October 2022.
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The interest rates have been updated for August 2022.
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The interest rates for late and early payments have been updated.
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The interest rates have been updated for May 2022.
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Repayment interest will be paid at 0.5% until the Bank of England raises the base rate above 1.5%. Then it will increase with the base rate.
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Details of how repayment and late payment interest rates are set have been added.
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The interest rates for late and early payments have been updated.
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The date the 2.75% interest came into effect in January 2022 has been amended from 4 January 2022 to 7 January 2022.
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The interest rates for late and early payments have been updated.
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Customs Duty and Excise Duty Drawback have been removed from the list of default and statutory interest in the departmental interest rates section.
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The interest rates for late and early payments have been updated.
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Excise Duty Drawback added to the departmental interest rates section.
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The late and early payment interest rates have been updated from 7 April 2020.
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The late payment interest rates have been updated from 30 March 2020.
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The interest rates charged on underpaid quarterly instalments and interest paid on overpaid quarterly payments have been updated.
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HMRC interest rates for late and early payments have been updated.
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HMRC interest rates for late and early payments have been updated.
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Interest rates for late payments changed from 21 November 2017, tables have been updated to reflect this.
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Interest rates for late payments will be revised following Bank of England interest rate cut. Tables have been updated to reflect this change.
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First published.
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This document contains information on the interest rates that apply on late or early payments across all tax regimes.