Revenue eBrief No. 89/18

15 May 2018

Peer to peer lending: Withholding Tax obligations under Section 246 Taxes Consolidation Act 1997

A new Tax and Duty Manual Part 08-03-05 has been created to provide guidance on: 

  • the Withholding Tax obligations, under the provisions of Section 246 TCA 1997, of companies paying interest on finance raised through peer to peer lending or crowd funding
  • the taxation treatment  of interest earned by a company or individual lending to companies or non-residents through peer to peer lending or crowd funding.