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It’s a New Tax Year. So What’s New is that HMRC Will Charge Interest on Unpaid PAYE Within the Tax Year

It used to be that interest on late payment of PAYE was only levied when it was still unpaid after the end of the tax year.

From 2014/15, HMRC are now going to charge interest on PAYE late payments as soon as each respective payment is late.

Be warned.

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