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Peer2Peer Finance News | February 21, 2019

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HMRC

HMRC warns IFISA providers to stop using e-money services

January 24, 2019 |

HMRC has warned peer-to-peer lenders that they shouldn’t be using e-money providers to hold Innovative Finance ISA (IFISA) money.

An alert from the taxman – which applies to all ISA managers – said it was aware that some providers are … Read More

Insolvency reforms may hinder P2P loan recoveries

November 5, 2018 |

REFORMS to the way HMRC is treated as a creditor will make it harder for some peer-to-peer lending platforms to recover bad debts, an insolvency practitioner has warned.

Chancellor Philip Hammond announced in his 2018 Budget last week that HMRC would … Read More

IFISA providers call for tailored HMRC submissions process

October 8, 2018 |

INNOVATIVE Finance ISA (IFISA) providers have called for a simplified HMRC submissions process that is more tailored to the tax wrapper, after the taxman revealed that last year’s data was incomplete.

Peer-to-peer lending platforms and other providers of debt-based securities … Read More

P2P lenders record £300m intake in second year of the IFISA

August 31, 2018 |

ALMOST £300m was invested across Innovative Finance ISAs (IFISA) in the previous tax year, HMRC data reveals.

The latest ISA statistics from the taxman shows £290m of subscriptions in IFISA for the 2017/2018 tax year across 31,000 accounts.

P2P lenders … Read More

P2P platforms record £300m IFISA intake since launch

July 30, 2018 |

THE UK’s largest peer-to-peer platforms have seen 28,000 Innovative Finance ISAs (IFISA) opened with more than £300m invested since the tax wrapper launched in 2016.

Data from the Peer-to-Peer Finance Association (P2PFA) shows that six of its members – Crowdstacker, … Read More

HMRC updates crypto investors on tax confusion

May 14, 2018 |

CRYPTOCURRENCY investors have been warned by experts that they may face an unexpected tax bill if they sell out of the market at a profit.

However, a HMRC representative has told Peer2Peer Finance News that the tax office will deal … Read More

Is P2P lending here to stay or is it just a wolf in sheep’s clothing?

April 24, 2018 |

Nicola Horlick, chief executive of Money&Co and Lauren Lee, managing associate on the finance litigation team at law firm Addleshaw Goddard, assess the future of peer-to-peer lending

Prior to the economic crash in 2008, the vast majority (estimated at 91 … Read More

ArchOver unveils R&D advance business loans

April 17, 2018 |

BUSINESS lending peer-to-peer platform ArchOver has gone live with its research and development loans.

The research and development (R&D) advance product range was first touted in February and lets businesses that can show they are claiming R&D tax credits from … Read More

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