What’s the Interest Charged on Unpaid/Overpaid Corporation Tax?

What’s the interest charged on unpaid/overpaid Corporation Tax? Please see the tables below.

Unpaid tax 

Rates of interest on unpaid corporation tax for accounting periods ending after 30 June 1999 for payments other than instalment payments.

Period of application Rate %
From 23 August 2016 2.75
29 September 2009 to 22 August 2016 3.00
24 March 2009 to 28 September 2009 2.50
27 January 2009 to 23 March 2009 3.50
6 January 2009 to 26 January 2009 4.50
6 December 2008 to 5 January 2009 5.50
6 November 2008 to 5 December 2008 6.50
6 January 2008 to 5 November 2008 7.50
6 August 2007 to 5 January 2008 8.50
6 September 2006 to 5 August 2007 7.50
6 September 2005 to 5 September 2006 6.50
6 September 2004 to 5 September 2005 7.50
6 December 2003 to 5 September 2004 6.50
6 August 2003 to 5 December 2003 5.50
6 November 2001 to 5 August 2003 6.50
6 May 2001 to 5 November 2001 7.50
6 February 2000 to 5 May 2001 8.50

Overpaid tax 

Rates of interest on overpaid corporation tax for accounting periods ending after 30 June 1999 for payments other than instalment payments (interest runs from normal due date).

Period of application Rate %
From 29 September 2009 (unchanged) 0.5
27 January 2009 to 28 September 2009 0
6 January 2009 to 26 January 2009 1
6 December 2008 to 5 January 2009 2
6 November 2008 to 5 December 2008 3
6 January 2008 to 5 November 2008 4
6 August 2007 to 5 January 2008 5
6 September 2006 to 5 August 2007 4
6 September 2005 to 5 September 2006 3
6 September 2004 to 5 September 2005 4
6 December 2003 to 5 September 2004 3
6 August 2003 to 5 December 2003 2
6 November 2001 to 5 August 2003 3
6 May 2001 to 5 November 2001 4
6 February 2000 to 5 May 2001 5
For any assistance contact Companies999, we will be happy to help you!

Leave a Reply

Your e-mail address will not be published. Required fields are marked *