Revised HMRC Late Payment Interest Rates to Align with Bank of England Base Rate Increase Introduction The recent decision by the Bank of England Monetary Policy Committee to increase the base interest rate to 5% has prompted HM Revenue & Customs (HMRC) to revise its interest rates for late payments. This change in policy is […]
Small Businesses in Britain Struggle as HMRC Delays VAT Requests Despite economic uncertainty, more businesses are launching in Britain; however, they are facing delays due to the HM Revenue and Customs (HMRC), the taxman. HMRC has been experiencing delays since the pandemic, having cut down its customer services workforce from 25,000 to 19,500 within five […]
