From 6 April 2014, the exempt threshold relating to beneficial loans by employers to employees will be increased from the current £5,000 figure to £10,000!!

What does this mean for Employers?

Employers will therefore no longer be required to report loan details on form P11D where the outstanding balance is £10,000 or less throughout the tax year.

 

You might also like to read our post on PPR Relief.

Cookie Control

Cookie control

We have placed cookies on your device to help make this website better.

I'm fine with this

We have placed cookies on your device to help make this website better.

You can use this tool to change your cookie settings. Otherwise, we’ll assume you’re OK to continue.

Some of the cookies we use are essential for the site to work.

We also use some non-essential cookies to collect information for making reports and to help us improve the site. The cookies collect information in an anonymous form.

To control third party cookies, you can also adjust your browser settings.

I'm fine with this
(One cookie will be set to store your preference)
(Ticking this sets a cookie to hide this popup if you then hit close. This will not store any personal information)
Information and Settings Cookie policy