accountants
6 Cavendish Street  
Barrow in Furness  
Cumbria  
LA14 1SB  
Tel: (01229) 838567  
enquires@sdgaccountants.co.uk   
  Fully Licensed & Regulated Accountants in Cumbria and throughout the UK
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sdg accountants
6 Cavendish Street
Barrow in Furness
Cumbria
LA14 1SB
Tel: 01229 838567
Fax: 01229 870902
enquires@sdgaccountants.co.uk

Official Rate of Interest
From 6 April 2010 the official rate of interest applying to interest-free or low interest loans made to employees will be 4%. The current rate is 4.75%. Employees are generally liable to tax on a benefit equal to the amount of interest, calculated at the official rate, where the balance of the loan exceeds £5,000 at any point in the tax year.

Internet link: HMRC beneficial loan interest rate
 
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