The Taxes (Interest Rate) (Amendment) Regulations SI 2025/270 increase the ‘official rate of interest’ from 2.25% to 3.75% per annum with effect from 6 April 2025.
This is the rate that applies for calculating the taxable benefit of employment-related ‘beneficial loans’ and employer-provided living accommodation. The Government announced at Autumn Budget 2024 that the official rate of interest would be reviewed on a quarterly basis and could be updated ‘in year’ from 6 April 2025 onwards. HMRC also publish lists of historical official rates going back 30 years.
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The Taxes (Interest Rate) (Amendment) Regulations SI 2025/270 increase the ‘official rate of interest’ from 2.25% to 3.75% per annum with effect from 6 April 2025.
This is the rate that applies for calculating the taxable benefit of employment-related ‘beneficial loans’ and employer-provided living accommodation. The Government announced at Autumn Budget 2024 that the official rate of interest would be reviewed on a quarterly basis and could be updated ‘in year’ from 6 April 2025 onwards. HMRC also publish lists of historical official rates going back 30 years.
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