# Finance Act 2014, Section 22: Threshold for benefit of loan to be treated as earnings


(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).

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Source: https://www.legislation.gov.uk/ukpga/2014/26/section/22 (the official version)
Page: https://openlegislation.uk/finance-act-2014/section-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.