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In respect of accounting periods ending on or after 1 July 1999
HMRC have announced new rates of interest for quarterly instalment payments and early payments of corporation tax not due by instalments, in respect of accounting periods ending on or after 1 July 1999.
The rate of interest charged on underpaid instalment payments of corporation tax changes from 6% to 5.5%.
The rate of interest on overpaid instalment payments of corporation tax, and on corporation tax paid early (but not due by instalments) changes from 4.75% to 4.25%.
The new rates take effect from 20 October 2008.
