questionText: To ask the Chancellor of the Exchequer, if she will review the adequacy of the 7.75% rate of interest chargeable on unpaid income tax after each January deadline.
answerText: Late payment interest is charged whenever tax is paid late or paid where amounts have been overpaid.The interest charged ensures people aren’t encouraged to overpay their tax to secure a higher interest rate than available commercially. It also ensures th...
heading: Unpaid Taxes: Interest Rates