Last week HMRC updated their Policy Paper on the treatment of interest payments by Peer-to-Peer Lending platforms for tax purposes. For now there is no decision on whether platforms will be required to apply withholding tax to Peer to Peer Loan income and so investors will continue to receive
Don’t invest unless you’re prepared to lose money. This is a high risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take two minutes to learn more