Call over tax refund interest rates

Updated
Tax form
Tax form

The taxman should pay the same rates of interest on refunds as it expects to charge on late payments, a Tory MP has told the Commons.


Mike Freer, MP for Finchley and Golders Green, proposed a new law to force HM Revenue and Customs to equalise the way it calculates interest. He said HMRC did important work but it was important it was fair to the public, adding that it hit the poorest hardest when refunds were delayed.

Advertisement