Use-of-money interest rate change

Effective 8 May 2016, the use-of-money interest (UOMI) rates on underpayments and overpayments of tax changed.

  • Underpayments are now 8.27% down from 9.21%
  • Overpayments are now 1.62% down from 2.63%

Rates are reviewed regularly to make sure they are aligned with market interest rates.