Interest on employee loans to remain at 4.00%

HMRC have confirmed that the official rate of interest applying to interest-free or low interest loans made to employees will remain at 4.00% for the 2011–12 tax year, subject to review in the event of significant rate changes.

About Jamie Hooper ATT CTA

Jamie is a director of Hooper & Co and member of the committee of the Essex Branch of the Chartered Institute of Taxation.
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