Peer-to-peer lending platforms do not deduct tax at source and so the return you receive from your MoneyThing loans is paid gross.
Lenders are responsible for any tax payments due to HMRC. Your tax treatment will depend on your personal circumstances and tax rates and reliefs may change in line with legislation.
We are unable to offer any tax advice and we recommend that you take independent tax advice in relation to the tax treatment of your loan and the interest payments attached to it.
Our guide to lending with MoneyThingComing soon