22Threshold for benefit of loan to be treated as earnings
This section has no associated Explanatory Notes
(1)In section 180 of ITEPA 2003 (threshold for benefit of a loan to be treated as earnings), in subsections (1)(a) and (b), (2) and (3), for “£5,000” (wherever occurring) substitute “£10,000”.
(2)The amendments made by this section have effect for the tax year 2014-15 and subsequent tax years (and apply to loans made at any time).