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United Kingdom · Question · Written question

UIN 3323

Tax Allowances

answeredUnited Kingdom· UK Parliament· EN

Introduced

30 August 2024

Last action

9 September 2024 · Answer

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Answered

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Source updated

9 September 2024

Summary

To ask the Chancellor of the Exchequer, if she will make an assessment of the viability of an amendment to section 180(1)(a) of the Income Tax (Earnings and Pensions) Act 2003, to increase the maximum value of employer loans in the context of levels of in

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Timeline

  1. 30 August 2024

    Written question

    To ask the Chancellor of the Exchequer, if she will make an assessment of the viability of an amendment to section 180(1)(a) of the Income Tax (Earnings and Pensions) Act 2003, to increase the maximum value of employer loans in the context of levels of in

    Source: Commons

  2. 9 September 2024

    Answer

    Within the current benefit in kind tax rules employers are able to provide their employees with a loan, which can be provided tax free, as long as the total value of the loan is below £10,000. This type of loan can be used to make purchases such as train ...

    Source: Written answer

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