2008/09 Average official interest rate?
On 9 February Accountingweb published a news article concerning the reduction in the official rate of interest to 4.75%. That article refers to the interest rate applying to the calculation of the benefit charge on a loan from an employer at 6.25% where the interest is calculated on the averaging basis. However, I have just noticed on HMRC's helpsheet it states that the average official rate is 6.10%.
So which is correct?