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simon1234
Registered Posts: 4 New contributor 🐸
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
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It will be the difference in interest, but remember to time apportion it as he only has the loan for part of the year.0
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