Market leading insight for tax experts
View online issue

Alternative finance arrangements tax consultation

printer Mail

HMRC has launched a technical consultation seeking views on draft regulations which will widen the scope of the alternative finance arrangements tax rules which allow finance to be provided without the payment of interest. The draft Alternative Finance (Income Tax, Capital Gains Tax and Corporation Tax) Order 2022 will bring the following with the scope of the rules:

  • home purchase plan providers regulated by the Financial Conduct Authority (FCA); and
  • certain alternative finance arrangements facilitated through FCA-regulated peer-to-peer platforms.

Without these changes, the rules apply only to arrangements where at least one party is a financial institution.

The consultation runs until 11 March 2022.

Issue: 1564
Categories: News
EDITOR'S PICKstar
Top