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Convert a nominal rate of interest (compounded monthly) to an annual percentage rate.
The nominal rate of interest applied.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.
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HMRC has reduced late payment and repayment interest rates following the cut to the base rate.
More than 80 of the UK's largest retailers have written to Chancellor Rachel Reeves regarding the measures announced in the Autumn Budget on 30 October.