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General Interest Charge (GIC)

General interest charge
The general interest charge (GIC) is a uniform interest charge applied to unpaid tax liabilities. GIC is worked out daily on a compounding basis. The GIC rate is reviewed quarterly.
General interest charge (GIC) rates
Updated to include general interest charge (GIC) rates announced for the second quarter of the 2016-17 income year.
If you don't pay
We're committed to helping taxpayers who want to do the right thing. However, we will take firmer action against taxpayers who are unwilling to work with us to address their tax debt or repeatedly default on agreed plans.