http://www.legislation.gov.uk/uksi/2007/684/contents/made
The Taxes (Interest Rate) (Amendment) Regulations 2007
Income tax
Tax
en
King's Printer of Acts of Parliament
2011-07-04
INCOME TAX
INHERITANCE TAX
TAXES
These Regulations amend regulation 5 of the Taxes (Interest Rate) Regulations 1989 (S.I. 1989/1297 as substituted by S.I. 1994/1307). That regulation provides for the official rate of interest for the purposes of section 181 of the Income Tax (Earnings and Pensions) Act 2003 (c.1.) (taxation of beneficial loans made to employees) by first specifying an official rate of interest generally and then specifying, by way of exception, different official rates of interest for certain beneficial loans in the currencies of countries specified in the Table to the regulation.