Consultation outcome

Deduction of income tax from interest: peer-to-peer lending

• From: HM Revenue & Customs
• Published: 15 July 2015

This consultation has concluded

Detail of outcome

The response to this consultation was published as an annexe to the response to the consultation on Deduction of income tax from savings income: implementation of the Personal Savings Allowance - see page 20 of the response document.

This consultation was concluded through clause 11 and schedule 5 of Finance Act 2017.

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Original consultation

Summary

HMRC invites comments on proposed changes to the deduction of income tax at source rules for peer-to-peer interest payments.

This consultation ran from
10:30am on 15 July 2015 to 11:59pm on 17 September 2015

Consultation description

HMRC is considering the future of deduction of tax at source from interest. Comments are sought on the proposed changes to the obligations of peer-to-peer platforms and borrowers of peer-to-peer loans to deduct income tax at source from interest paid.

This consultation seeks views on a series of proposed changes.

Documents

Deduction of income tax from interest: peer-to-peer lending

PDF, 325 KB, 20 pages

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Published 15 July 2015