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Peer2Peer Finance News | February 23, 2018

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HMRC

ArchOver introduces research and development business loans

February 12, 2018 |

PEER-TO-PEER business lender ArchOver is expanding into research and development (R&D) advance loans.

Businesses that can show they are claiming R&D tax credits from HMRC will be able to secure a loan against this commitment.

The loans will aim to … Read More

Everything you always wanted to know about tax but were afraid to ask

February 12, 2018 |

THE UK tax code is reportedly 12 times the size of the King James Bible at more than 10 million words, and while not all is relevant to peer-to-peer platforms and investors, there is plenty that baffles the sector.

Tax … Read More

Funding Circle to launch IFISA next week

November 23, 2017 |

FUNDING Circle is to roll out its Innovative Finance ISA (IFISA) to some of its existing investors from next week.

The tax wrapper will go live on Thursday 30 November, with priority given to active investors who have lent money since … Read More

Budget: Personal savings allowance ‘hampered’ IFISA take-up

November 22, 2017 |

TAKE-UP of the Innovative Finance ISA (IFISA) has been hampered by the personal savings allowance and the slow regulatory authorisation process, the Office for Budget Responsibility (OBR) claims.

The government’s independent public finances watchdog questioned why subscriptions for the tax wrapper … Read More

Checkmate over IFISA data

November 2, 2017 |

HMRC is facing claims that it is understating the popularity of the Innovative Finance ISA (IFISA) and displaying a lack of urgency in responding to contradicting figures.

In August, the taxman released data which showed the IFISA took £17m in … Read More

RateSetter plans to launch IFISA this tax year

October 18, 2017 |

RATESETTER has said it plans to apply to HMRC for ISA manager status and launch its Innovative Finance ISA (IFISA) before the end of the current tax year.

The peer-to-peer lender, which announced on Tuesday that it had gained full … Read More

Assetz Capital investors question cashback tax policy

September 26, 2017 |

ASSETZ Capital investors are questioning the new way the platform includes cashback offers in its tax statements.

The secured business and property peer-to-peer platform has altered the format of its customers’ tax statements due to the introduction of new tax … Read More

HMRC’s IFISA numbers come under scrutiny

September 7, 2017 |

PEER-TO-PEER lenders have questioned how HMRC collates data on Innovative Finance ISA (IFISA) subscriptions after official statistics seem to contradict the platforms’ own figures.

HMRC has reported £17m IFISA subscriptions and 2,000 accounts in the 2016-17 tax year.

This prompted … Read More

2,000 IFISAs subscribed last year as consumers eschew low-yielding cash ISAs

August 31, 2017 |

TWO THOUSAND Innovative Finance ISA (IFISA) accounts were subscribed in the last tax year, with retail investors collectively putting £17m in to the tax-free wrapper, official figures show.

ISA statistics released on Thursday by HMRC include IFISA data for the … Read More

P2P firms alert HMRC to IFISA issues

August 29, 2017 |

PEER-TO-PEER lenders are among a group of companies that are set to present HMRC with a list of Innovative Finance ISA (IFISA) concerns, Peer2Peer Finance News has learned.

P2P business lender ThinCats, IFISA technology provider Goji and financial services trade … Read More