The Bank of England held Bank Rate at 3.75% in September, but three MPC members wanted a rise. With inflation above target, businesses should stress-test borrowing and investment plans rather than waiting for cheaper finance, because interest rates may not be coming down soon.
Interest rates in 2026 are expected to fall slightly, with modest cuts likely as inflation stabilises and economic conditions improve.
Following a Bank Rate cut to 4.25%, HMRC late payment and repayment interest rates will drop from 19 and 28 May 2025. Check which taxes this affects.
The Bank of England’s Monetary Policy Committee (MPC) met on 5 February and in a 7-2 vote decided to reduce interest rates by 25 basis points to 4.5%. The two remaining members voted to reduce the rate further to 4.25%.
The Bank of England’s Monetary Policy Committee (MPC) met on 1 August and in a very close 5-4 vote decided to reduce interest rates by 25 basis points to 5%. The 4 remaining members voted to keep the rate at 5.25%.
Bank of England raises rates to 5.25% amid inflation concerns. HMRC tax interest hits 7.75% from August 14 & 22, 2023 and repayment rates rise to 4.25%.
The Bank of England’s Monetary Policy Committee (MPC) met on 21 June 2023 and voted 7-2 in favour of raising interest rates by 50 basis points to 5% to continue to tackle inflation. The 2 remaining members voted to keep the rate at 4.5%.
The Bank of England’s Monetary Policy Committee (MPC) met on 10 May 2023 and voted 7-2 in favour of raising interest rates by 25 basis points to 4.5% in a move to try and continue to tackle continued inflation. This is the twelfth consecutive time.
The Bank of England’s Monetary Policy Committee (MPC) met on 22 March 2023 and voted 7-2 in favour of raising interest rates by 25 basis points to 4.25% in a move to tackle continued, rising inflation.
Interest rates on student loans that will apply for the 2022-23 academic year were announced last month. Learn more
Starting 6 April 2025, the CGT rate on carried interest will rise to 32%. Further policy changes will follow in April 2026, impacting around 3,100 investment managers.
Learn how the Official rate of interest for beneficial loans affects employer-provided loans. Understand taxable benefits, the 2026-27 rate, exemptions and how to report accurately on form P11D.
The UK interest rate outlook for 2026 points to stability rather than sharp reductions, requiring businesses to plan cautiously, review funding, and manage financial risk proactively.
New tax rates for income sources will apply from 2026, increasing rates for dividends, property, and savings while keeping allowances unchanged.
HMRC has announced that interest rates for late payments will increase by 1.5% for all taxes starting 6 April 2025. This change, which was first announced at Autumn Budget 2024, will raise the late payment interest from the current base rate plus
Business Asset Disposal Relief offers tax savings for business owners. With CGT rates rising, timing disposals is increasingly important.
From 6 April 2025, new thresholds for student loan repayments will take effect, impacting borrowers across the UK. Whether you’re on Plan 1, Plan 2, Plan 4, or repaying a postgraduate loan, here’s a breakdown of the latest changes and what they mean.
The 2023 Revaluation updates business property rateable values, based on April 2021 valuations. While challenges are open until March 2026, beware of false claims about earlier deadlines and unscrupulous agents pushing for quick decisions or upfront.
Capital Gains Tax rates have increased for disposals from 30 October 2024, with further changes ahead. Stay informed on the updated rates for assets, property, and reliefs to optimise your tax planning.
CGT is generally charged at a flat rate of 20% on most chargeable gains for individuals. However, if taxpayers are within the basic rate tax bracket and make a small capital gain, they may be eligible for a reduced CGT rate of 10%. Once their total
A 1% reduction in the Bank Rate would reduce the UK government’s annual interest charges on the national debt, but the exact amount of the reduction depends on the proportion of the debt that is sensitive to changes in short-term interest.
Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most chargeable gains made by individuals.
The late payment interest rate applied to the main taxes and duties that HMRC charges interest will increase by 0.5% to 6.50%.
The Bank of England’s Monetary Policy Committee (MPC) met on 15 December 2022 and voted 6-3 in favour of raising interest rates by 50 basis points to 3.5% in a move to try and continue to tackle upward pressures on inflation.