Following the increase in the bank base rate to 1.75%, the HMRC repayment interest rate will increase this month to 0.75%. The interest rate charged on late payments is set at base rate plus 2.5%. Repayment interest is set at base rate minus 1%, with a lower limit – or ‘minimum floor’ – of 0.5%. The latest Bank of England rate increase therefore takes the repayment interest rate over the minimum 0.5% for the first time since December 2008.
One of the joys of what we do is that, every now and then, a case comes along that...
Continue Reading...Following a consultation on the protection of hedgerows last year, The Management of Hedgerows (England) Regulations 2024 has been...
Continue Reading...The government’s response to the Rock Review of the agricultural tenanted sector, on which we previously reported here and...
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