Articles and information in relation to UK Payroll for business, employers and employees.
The Official Rate of Interest (ORI) from 6th April 2025 Where you provide loans to employees that exceed £10,000 during a tax year. If so then the individual has been provided with a benefit in kind (BIK) which is required to be reported on form P11D. Payrolling is planned to become an option for employers … Continue reading Loan benefit – rate increases to 3.75%
As part of the Autumn Budget 2924 changes, the HMRC have confirmed a change to the operation of the Official Rate of Interest which is used when calculating certain benefits in kind and used for form P11D reporting. In-year increases in the official rate of interest (ORI) may take place, where appropriate, from 6th April 2025. … Continue reading Beneficial loan interest change point revised