Home› For AAT student members› AQ 2013› AAT Level 4 (Level 8 in Scotland)
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚


Ptx

simon1234simon1234 Just JoinedRegistered Posts: 4
in AAT Level 4 (Level 8 in Scotland)
I wonder if someone could help me get my head round this question, the only one I cannot understand :glare:. On 6th of july, ken was provided with a company loan of £20,000 on which he pays interest at 3% per annum. the official rate of interest in 4%. what is the benefit in kind for 2012/13?..... Many thanks for the help in advance

Comments

  • NpsNps Experienced Mentor Registered Posts: 782
    It will be the difference in interest, but remember to time apportion it as he only has the loan for part of the year.
Sign In or Register to comment.