Following UK announcement in March 2025, the Official Rate of Interest (ORI) will increase from 2.25% to 3.75% on 6 April 2025.
The ORI is used to calculate the Income Tax charge on the benefit of employment-related loans and the taxable benefit of some employment related living accommodation.
As announced at Autumn Budget 2024, the ORI may increase, decrease or be maintained following quarterly reviews. If there are any changes to the rate, these will take effect on 6 April, 6 July, 6 October and 6 January.
Any future changes to the official rate will be published on GOV.UK.
