Chartered Accountants Tax News - 22nd March 2010

Mon, Mar 22, 2010


HMRC have introduced regulations to amend the official rate of interest used to calculate the value of the benefit in kind on an employment related loan on which tax is due. The rate has been changed to 4.00% with effect from 6 April 2010.

A table showing the average official rates of interest for past years is available here.

Recommended Reading

Featured book

A Practical Guide to Insolvency by Kavanagh Fennell now available on the iBookstore This easy-to-use guide to the complexities of insolvency in Ireland for business managers, accountants, and other professionals, previously published in paperback, is available for your iPad in the iBookstore and for your Kobo eReader from KoboBooks.

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