Directors Loan account Benefit threshold changed??

Directors Loan account Benefit threshold changed??

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At a recent AAT budget update meeting, the adviser from a large local accounting firm stated that the threshold for beneficial loan/benefit in kind - was rising from £5000 to £10,000

I have seen nothing to confirm this - is she correct??

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By User deleted
13th May 2014 23:58

Yes ...

.... here - as ever, things are announced way before they happen these days, this was a 2013 budget change.

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By buttercup books
14th May 2014 00:52

Thank you for that. It was suprisingly difficult to find confirmation - but I may have searched under Directors Loan instead of Beneficial Loan.

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By User deleted
14th May 2014 06:52

And the interest rate has changed from 4% to 3.25% effective April 2014

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