{
  "url": "https://openlegislation.uk/taxes-interest-rate-amendment-no5-regulations-1992/note",
  "json_url": "https://openlegislation.uk/taxes-interest-rate-amendment-no5-regulations-1992/note.json",
  "legislation": "uksi/1992/2818",
  "legislation_title": "The Taxes (Interest Rate) (Amendment No.5) Regulations 1992",
  "legislation_url": "https://openlegislation.uk/taxes-interest-rate-amendment-no5-regulations-1992",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend with effect from 6th December 1992 regulation 5 of the Taxes (Interest Rate) Regulations 1989 (S.I. 1989/1297), as amended by Taxes (Interest Rate) (Amendment) Regulations 1991 (S.I. 1991/889), which specifies 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). The official of interest also determines “the appropriate percentage” for the purposes of the additional charge to tax in respect of certain living accommodation provided for employees under section 146 of the 1988 Act.\nThe Amendment made by these Regulations specifies a new official rate of interest (9 per cent. annum) in subsitution for the rate of 9.75 per cent. per annum specified by S.I. 1992/2451. Previous rates were specified by S.I. 1989/1297, S.I. 1991/889, 1120, 1377, 1695, 2070, and S.I. 1992/265 and 1338.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/2818/note",
    "retrieved_at": "2026-10-29T14:12:10.098871+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}