Bank base rates rose to 1.75% on 4 August and so, with respect to estate planning, one may anticipate HMRC’s rate on unpaid tax to increase to 4.25% in the near future.
See in relation to my previous post:
https://stephenparnhamtaxation.com/inheritance-tax-late-payment-rates-rise-the-implications/
Update 10 August 2022
Interest rates on late paid inheritance tax are confirmed at 4.25% from 23 August 2022.
Stephen Parnham
