Beneficial loan arrangements — HMRC official rates
Updated 6 March 2025
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This publication is available at https://www.gov.uk/government/publications/rates-and-allowances-beneficial-loan-arrangements-hmrc-official-rates/beneficial-loan-arrangements-hmrc-official-rates
Average official rates
Use this table to find the average official rate of interest for years when:
- the loan was outstanding throughout the Income Tax year
- you are using the normal averaging method of calculation
Table of average official rates
| Year | Average official rate % |
|---|---|
| 2024 to 2025 | 2.25 |
| 2023 to 2024 | 2.25 |
| 2022 to 2023 | 2.00 |
| 2021 to 2022 | 2.00 |
| 2020 to 2021 | 2.25 |
| 2019 to 2020 | 2.50 |
| 2018 to 2019 | 2.50 |
| 2017 to 2018 | 2.50 |
| 2016 to 2017 | 3.00 |
| 2015 to 2016 | 3.00 |
| 2014 to 2015 | 3.25 |
| 2013 to 2014 | 4.00 |
| 2012 to 2013 | 4.00 |
| 2011 to 2012 | 4.00 |
| 2010 to 2011 | 4.00 |
| 2009 to 2010 | 4.75 |
| 2008 to 2009 | 6.10 |
| 2007 to 2008 | 6.25 |
| 2006 to 2007 | 5.00 |
| 2005 to 2006 | 5.00 |
| 2004 to 2005 | 5.00 |
| 2003 to 2004 | 5.00 |
| 2002 to 2003 | 5.00 |
| 2001 to 2002 | 5.94 |
| 2000 to 2001 | 6.25 |
| 1999 to 2000 | 6.25 |
| 1998 to 1999 | 7.16 |
| 1997 to 1998 | 7.08 |
| 1996 to 1997 | 6.93 |
| 1995 to 1996 | 7.79 |
Actual official rates
Use this table in cases not within the average official rates table.
Table of actual official rates
| From | To | % Rate |
|---|---|---|
| 6 April 2025 | — | 3.75 |
| 6 April 2024 | 5 April 2025 | 2.25 |
| 6 April 2023 | 5 April 2024 | 2.25 |
| 6 April 2022 | 5 April 2023 | 2.00 |
| 6 April 2021 | 5 April 2022 | 2.00 |
| 6 April 2020 | 5 April 2021 | 2.25 |
| 6 April 2017 | 5 April 2020 | 2.50 |
| 6 April 2016 | 5 April 2017 | 3.00 |
| 6 April 2015 | 5 April 2016 | 3.00 |
| 6 April 2014 | 5 April 2015 | 3.25 |
| 6 April 2010 | 5 April 2014 | 4.00 |
| 1 March 2009 | 5 April 2010 | 4.75 |
| 6 April 2008 | 28 February 2009 | 6.25 |
| 6 April 2007 | 5 April 2008 | 6.25 |
| 6 April 2006 | 5 April 2007 | 5.00 |
| 6 April 2005 | 5 April 2006 | 5.00 |
| 6 April 2004 | 5 April 2005 | 5.00 |
| 6 April 2003 | 5 April 2004 | 5.00 |
| 6 January 2002 | 5 April 2003 | 5.00 |
| 6 March 1999 | 5 January 2002 | 6.25 |
| 6 August 1997 | 5 March 1999 | 7.25 |
| 6 November 1996 | 5 August 1997 | 6.75 |
| 6 June 1996 | 5 November 1996 | 7.00 |
| 6 February 1996 | 5 June 1996 | 7.25 |
| 6 October 1995 | 5 February 1996 | 7.75 |
| 6 November 1994 | 5 October 1995 | 8.00 |