Previous interest rates
Find out here the interest rates for previous years.
Interest rates
The interest rates are reviewed each year. If a new interest rate applies, it is effective from 1 April.
The following table shows interest rates prior to 1 April 2008.
| Tax year | Total interest rate | Base interest rate | Interest adjustment rate |
|---|---|---|---|
|
1 April 2008 to 31 March 2009 |
6.70% |
|
|
|
1 April 2007 to 31 March 2008 |
6.80% |
4.10% |
2.70% |
|
1 April 2006 to 31 March 2007 |
6.90% |
3.80% |
3.10% |
|
1 April 2005 to 31 March 2006 |
7.00% |
4.20% |
2.80% |
|
1 April 2004 to 31 March 2005 |
7.00% |
5.50% |
1.50% |
|
1 April 2003 to 31 March 2004 |
7.00% |
4.20% |
2.80% |
|
1 April 2002 to 31 March 2003 |
7.00% |
5.10% |
1.90% |
|
1 April 2001 to 31 March 2002 |
7.00% |
3.10% |
3.90% |
|
1 April 2000 to 31 March 2001 |
7.00% |
6.10% |
0.90% |
|
1 April 1999 to 31 March 2000 |
7.00% |
5.30% |
1.70% |
|
1 April 1998 to 31 March 1999 |
8.00% |
6.20% |
1.80% |
|
1 April 1997 to 31 March 1998 |
8.20% |
5.90% |
2.30% |
|
1 April 1996 to 31 March 1997 |
8.40% |
6.20% |
2.20% |
|
1 April 1995 to 31 March 1996 |
9.00% |
7.60% |
1.40% |
|
1 April 1994 to 31 March 1995 |
7.00% |
5.70% |
1.30% |
|
1 April 1993 to 31 March 1994 |
7.20% |
6.20% |
1.00% |
|
1 April 1992 to 31 March 1993 |
8.20% |
6.00% |
2.20% |
Note
Up until 1 April 2008, the interest rates were made up of:
- a base interest rate - the total interest rate less the interest adjustment rate.
- an interest adjustment rate based on the movement of the consumer price index.
From 1 April 2008 there is only one interest rate component.
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Date published: 28 Mar 2013
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