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Interest Payable and Receivable on Tax
27/01/2009
Tyas & Company, Chartered Accountants, 5 East Park, Crawley
Following the reduction in the bank rate to 1.5%, the rates of interest on unpaid and overpaid tax have changed with effect from 27 January 2009 in most cases, and from 19 January for corporation tax due for instalments.
Full details are in the HMRC press release dated 20 January 2009.
http://www.hmrc.gov.uk/news/int-rate-news.htm
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