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Posted Fri, 02 Aug 2024 15:37:21 GMT by Nightingale23
Can anyone advise - does HMRC pay interest on any money that is in credit in an HMRC account. It is a repayment due from HMRC due to tax being paid on emergency code. I would be happy to leave the money in the account rather than ask for a repayment to be made IF there is interest paid on it. IF yes, what is the interest rate?
Posted Wed, 07 Aug 2024 11:21:10 GMT by HMRC Admin 17 Response

Hi,
 
HMRC would try to make repayment as soon as the repayment arrises.

HMRC would not intentionally hold a repayment. 

Thank you .

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