What is the interest rate?

The rate used in calculating your interest is set by law and is reviewed every quarter.

Interest rates for 2016–17 are shown in the table.

You can get details of other quarterly interest rates from us.

Table: Interest rates used for calculation of early payments, overpayments and delayed refunds (2016–17)

Period	Interest rate (% pa)
1 July 2016 to 30 September 2016	2.01
1 October 2016 to 31 December 2016	1.76
1 January 2017 to 31 March 2017	1.76
1 April 2017 to 30 June 2017	1.78