Interest rate for director’s loans frozen at 2.25%
For the 2024/25 tax year, HMRC has announced that the official rate of interest (ORI) for director's loans will remain at 2.25%, despite the base interest rate being considerably higher at 5.25%.
An overview of the tax changes that will take effect from April 2024
Here is a reminder of the key tax changes that will impact you this year as we begin 2024 and approach the end of the 2023/24 tax year on 5 April 2024.
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