Her Majesty’s Revenue and Customs (HMRC) department, the agency responsible for the collection of taxes, has published its current “position” on the requirement to deduct income tax on interest paid on peer to peer loans. According to HMRC, under existing tax rules in Chapter 3… Read More
Read more in: General News, Global | Tagged HMRC, p2p, peer to peer, regulations, taxes, uk
HM Revenue and Customs (HMRC), the UK tax authority, will allow savers to hold peer-to-peer lending investment trusts in their Individual Savings Accounts (ISA), according to CityWire Money. The change will take effect July 1–in about two weeks. The move is part of the government’s alternative… Read More
Read more in: Global, Politics, Legal & Regulation | Tagged christine farnish, HM Revenue and Customs, HMRC, individual savings accounts, isa, p2p, p2p global investments, p2p lending, peer to peer, peer to peer finance association, Ranger Direct Lending, tax, uk, VPC Specialty Lending
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