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.
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.