PART 1: DATES, DEFINITIONS AND OBLIGATIONS
Interest due on late payments from 6th November 1989
Date from Rate % Date from Rate % Date from Rate %
06/03/1991 COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS 11.50 31/01/1997 8.50 06/01/2008 7.50 06/05/1991 10.75 06/08/1997 9.50 06/11/2008 6.50 06/07/1991 10.00 06/01/1999 8.50 06/12/2008 5.50 06/05/2001 7.50 06/03/1999 7.50 06/01/2009 4.50 06/11/2001 6.50 06/02/2000 8.50 27/01/2009 3.50 06/10/1991 9.25 06/05/2001 7.50 24/03/2009 2.50 06/11/1992 7.75 06/11/2001 6.50 29/09/2009 3.00 06/12/1992 7.00 06/12/2003 6.50 23/08/2016 2.75 06/03/1993 6.25 06/09/2004 7.50 21/11/2017 3.00 06/01/1994 5.50 06/09/2005 6.50 21/08/2018 3.25 06/03/1995 7.00 06/09/2006 7.50 30/03/2020 2.75 06/02/1996 6.25 06/08/2007 8.50 07/04/2020 2.60 Note: After 6 months of no payment a surcharge of 5% of the total amount outstanding is added plus a further 5% on top of the original penalty and 5% when PAYE has been outstanding for 12 months or more. Recent developments From 6th April 2014 daily interest has accrued on all unpaid amounts from the due and payable date to the date of payment. Additionally, all penalties are due for payment 30 days following the date of the penalty notice and penalties not paid on time will attract interest. No printing, copying or reproduction permitted.
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