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Penalty and Interest charged for late second POA

Posted Fri, 14 Jul 2023 06:36:56 GMT by
Can anyone tell me how the above are calculated? I am interested in knowing what would be the effect of paying a fairly large second POA 2 weeks late.
HMRC Admin 25 Response
Posted Thu, 20 Jul 2023 11:22:34 GMT by HMRC Admin 25 Response
Hi tm0407,
The interest is currently set at 7.00% P.A and is calculated daily.
Thank you. 
 

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