{
  "url": "https://openlegislation.uk/taxes-interest-rate-amendment-regulations-1992/note",
  "json_url": "https://openlegislation.uk/taxes-interest-rate-amendment-regulations-1992/note.json",
  "legislation": "uksi/1992/265",
  "legislation_title": "The Taxes (Interest Rate) (Amendment) Regulations 1992",
  "legislation_url": "https://openlegislation.uk/taxes-interest-rate-amendment-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 March 1992 the provision of the Taxes (Interest Rate) Regulations 1989 (S.I. 1989/1297), as amended by the Taxes (Interest Rate) (Amendment) Regulations 1991 (S.I 1991/889) and other later Regulations (S.I. 1991/1120, 1377, 1695 and 2070), 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 rate 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. The amendments substitute a new official rate of interest (10.75 per cent. per annum) for the rate of 11.25 per cent. per annum specified by S.I. 1991/2070.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/265/note",
    "retrieved_at": "2026-10-29T14:29:35.768652+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."
}