Wednesday 17 August 2022

HMRC Ups Interest Rates on Unpaid Tax

 

HMRC is screwing the taxpayers again, by raising interest rates on unpaid tax to a 13-year high of 4.25% — six times the rate paid on money it owes.

This is 1.5% higher than the start of the year when its late-payment fee was 2.75%. 

HMRC raised its repayment rates from 0.5% to 0.75%.

HMRC is screwing taxpayers.

Greed, apparently, is good!

Tax does have to be taxing.

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2 comments:

  1. Nice work if you can get it.

    https://www.mirror.co.uk/news/business/british-gas-boss-banks-56million-27739408

    ReplyDelete
  2. I'll get my chequebook out immediately. 1p. The nation must be at risk of bankruptcy.

    https://metro.co.uk/2022/08/15/carer-sent-unbelievable-letter-by-hmrc-demanding-he-pay-back-a-penny-17185821/

    ReplyDelete