Page 65 - Profmark Tax Guide 2025 Digital

INTEREST RATES

EFFECTIVE DATE RATE
Late or underpayments of Tax
1 March 2023 10�50%
1 May 2023 10�75%
1 July 2023 11�25%
1 September 2023 11�75%
1 January 2025 11�50%
1 March 2025 11�25%
Fringe benefits – official rate of interest
1 October 2022 7�25%
1 December 2022 8�00%
1 February 2023 8�25%
1 April 2023 8�75%
1 June 2023 9�25%
1 October 2024 9�00%
1 December 2024 8�75%
1 February 2025 8�50%
Overpayments of tax
1 March 2023 6�50%
1 May 2023 6�75%
1 July 2023 7�25%
1 September 2023 7�75%
1 January 2025 7�50%
1 March 2025 7�25%
Prime Overdraft Rates
26 January 2023 10�75%
30 March 2023 11�25%
25 May 2023 11�75%
19 September 2024 11�50%
21 November 2024 11�25%
30 January 2025 11�00%

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