http://www.legislation.gov.uk/uksi/1994/2657/signature/made
The Taxes (Interest Rate) (Amendment No. 3) Regulations 1994
Tax
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). That regulation provides for the official rate of interest for the purposes of section 160 of the Income and Corporation Taxes Act 1988 (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.
Andrew MitchellKenneth ClarkeTwo of the Lords Commissioners of Her Majesty’s Treasury