5% interest, courtesy of HMRC

[ASB]

I got a small bit of interest credited to my PAYE account after I "overpaid". Actually I didn't overpay at all, it was the first payment of the year and they attributed it to the wrong tax year.

I think I only get 4.something% from Barclays, so the 5% for CT sounds good. Though I do like having the extra bank balance, even though I know I can't touch the money.

In the circumstances you describe the taxman will only give you 4% anyway. The rates are difference depending on why. If it is a repayment (i.e. you have overpaid tax) then the rate is lower.

[Archangel]

If you pay the CT early (by bank transfer fro example) be sure to use the correct reference number (it changes every year). Otherwise they will credit the previous years CT account. then realise you've paid too much and send a refund cheque with no interest!

(don't ask how I know this )

[crack_ho]

If you pay the CT early (by bank transfer fro example) be sure to use the correct reference number (it changes every year). Otherwise they will credit the previous years CT account. then realise you've paid too much and send a refund cheque with no interest!

(don't ask how I know this )

When I did this, they automatically transfered the money into the new CT account and then sent me a transaction statement.