HMRC interest rates update
What was announced
HMRC interest rates for late payments will be revised following the Bank of England interest rate increase to 4.00%.
Key points, in the publisher's words
- The Bank of England Monetary Policy Committee announced on 5 November 2026 to increase the Bank of England base rate to 4.00% from 3.75%.
- HMRC interest rates are linked to the Bank of England base rate.
- As a consequence of the change in the base rate, HMRC interest rates for late payment and repayment will increase.
Figures in this announcement
Each line is quoted from the original. Figures are as the publisher stated them on the day.
- “The Bank of England Monetary Policy Committee announced on 5 November 2026 to increase the Bank of England base rate to 4.00% from 3.75%.”
- “Late payment interest is currently set at base rate plus 4%.”
- “Repayment interest is set at base rate minus 1%, with a lower limit — or ‘minimum floor’ — of 0.5%.”
Check it against the official record
The latest official figures on the subjects this story covers, each with its source and full history:
Who and where
UK bodies of power
- HM Revenue & Customs (UK government department) · more news
- Bank of England (UK national body) · more news
Where this sits in the 10 levels of power
Topics, as GOV.UK files them: Dealing with HMRC.
Receipt
- Original: https://www.gov.uk/government/news/hmrc-interest-rates-update--2
- Published 2026-11-06 13:22:28 UTC
- Read by this site 2026-11-06 13:30:48 UTC from GOV.UK
- Saved copy: receipt 9304, with its SHA-256 fingerprint
Contains public sector information licensed under the Open Government Licence v3.0.
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