Loans made to employees
HMRC have announced the official rate of interest to be used to calculate the value of a benefit in kind on a loan made to an employee. From April 6th 2010, the official interest rate for beneficial loan arrangements is 4.00%. The rate for the current (2009/2010) tax year is 4.75%. Employees are liable to pay tax on [...]
Sunday, April 4, 2010
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