Overpaid tax

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November 28, 2018 at 8:26 am #486251
nayazrojid1
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Hello Sir,

if tax has been overpaid, will the taxpayer need to pay or receive 0.5% interest from HMRC?

Kind regards.
November 28, 2018 at 3:07 pm #486282
Tax Tutor
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The taxpayer will receive that interest from HMRC but if the taxpayer has underpaid then interest must be paid to HMRC at a rate of 2.75%
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