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Home › Guides › Business › Partnerships › Interest and tax payments

Interest and tax payments

HM Revenue & Customs charges interest on underpayments of tax, and pays interest (repayment supplement) on overpayments. The rate of interest paid on overpaid tax is lower than the rate charged on underpayments, and interest rates are adjusted frequently in line with commercial interest rates.

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Wagstaffs is the trading name of Wags LLP. Wags LLP is a limited liability partnership in England & Wales, registration number OC317369. Wagstaffs Chartered Accountants are registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.