Do you owe an outstanding tax payment? HMRC have published new interest rates that apply to both money taxpayers owe in tax and money owed by HMRC. It will come as no surprise that the penalty for underpayment (now at 3.0%) cotinues to outweigh the benefit for overpayment (0.5%). The new rates apply from 29th September apart from that applying to quarterly Corporation Tax payments which changed on 21st September.

If you read this blog regularly, you know that the final part of the 2006 Companies Act is being enacted on 1st October 2009. This was the biggest Act ever passed into law and contains some significant changes. To make the key points more understandable, we have put together a 2-page information sheet which you can download HERE for free. If you have any questions, then contact us for advice. Don’t ignore this. It’s the biggest change on Company Law for a long while.