Lily Canter

‘Huge discrepancy’ in HMRC tax repayment rate

HMRC has been accused of treating taxpayers unfairly after it increased the interest rate charged to late taxpayers whilst its own repayment rate has remained frozen.

Accountancy body the Association of Chartered Certified Accountants (ACCA) says there should be a level playing field and that the current system has a ‘huge discrepancy’.