HMRC has confirmed that the official rate of interest will be reduced from 4.75% to 4.00% as of 6 April 2010. This interest rate is used to calculate the taxable benefit on interest-free and ‘cheap’ employment related loans.
The average rate for 2009/10 has also been confirmed at 4.75%.
Click the link for details of previous rates.
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment