http://www.legislation.gov.uk/uksi/1996/1321/contents/made

The Taxes (Interest Rate) (Amendment No. 2) Regulations 1996

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 as substituted by S.I. 1994/1307). 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.