A 25-year UK tax commitment related to Income Tax is set to be axed from next month.
As the new tax year begins on 6 April 2025, rules on The Official Rate of Interest (ORI) are finally set to change. In January 2000 it was decided
to not increase the rate during the tax year, and it has remained that way ever since.
HMRC is now highlighting the change through communications with businesses as we get near to the new tax year.
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