This order establishes the official rate of interest applicable to beneficial loans provided by employers to employees for the purposes of income tax assessment. The document is issued by the government of Great Britain to define the specific percentage rate used to calculate the cash equivalent of a loan, ensuring consistent tax treatment across the fiscal year. It serves as a regulatory instrument to clarify the valuation of employment-related benefits under existing tax statutes.

Legal professionals and tax practitioners utilize this order as a primary source for historical tax compliance and regulatory research. It is recognized as a technical administrative document intended for specific statutory application rather than general reading.