5 January 2015

The interest rate applied to the regularisation of late payments for all premium taxes has reduced from 1.0% to 0.5% with effect from 1 January 2015. The earlier rate of 1.0% applied to the period 1 January 2014 to 31 December 2014. Each year has a separate interest rate and thus the relevant rates should be applied to the year in question when regularising an under declaration.