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.
