HMRC Interest Rates.
According to the FT, the good folk at HMRC are reducing the interest they charge to 3.5% from next week. If they owe you anything, the interest they pay drops to zero.
Has anyone got an estimate as to how long it takes after an appeal is lodged before HMRC updates the owed amount to zero. Two of my appeals went in on the 13th and have yet to be reflected online.
Thanks to all for the continued info.
Cheers.
According to the FT, the good folk at HMRC are reducing the interest they charge to 3.5% from next week. If they owe you anything, the interest they pay drops to zero.
Has anyone got an estimate as to how long it takes after an appeal is lodged before HMRC updates the owed amount to zero. Two of my appeals went in on the 13th and have yet to be reflected online.
Thanks to all for the continued info.
Cheers.
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