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Beneficial loan rate fall

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The Taxes (Interest Rate) (Amendment) Regulations, SI 2017/305, reduce the official rate of interest applicable to employment-related ‘beneficial’ loans from 3% to 2.5% per annum with effect from 6 April 2017. The rate has stood at 3% since April 2015.

The Taxes (Interest Rate) (Amendment) Regulations, SI 2017/305, reduce the official rate of interest applicable to employment-related ‘beneficial’ loans from 3% to 2.5% per annum with effect from 6 April 2017. The rate has stood at 3% since April 2015.

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