PAS Notes

Graham Whitehouse

Official Interest Rate reduced to 4.0% for the 2010/2011 tax year

By Graham Whitehouse | 31 March 10 | In: P11D News

HMRC recently annnounced that they are reducing the Official Interest Rate from 4.75% to 4.00% on 6 April 2010.

This change will affect the calculation of beneficial loan and expensive living accommodation cash equivalents for the 2010/2011 tax year.

Version 2010.2.1 opens up the tax tables for the new 2010/2011 tax year and will have have this new rate incorporated into it.