Tax on P2P outside of IFISA

Hey, I am currently investing into P2P loans via a platform called Bondora. I reiceve interest on those loans but they are automatically reinvested and my question is when do I have to pay tax on the received interest (considering I receive more than my personal savings allowance): Once I transfer the money from the platform into my bank account or once I receive the interest? Hope this is clear! Thanks!

Hi,

The interest will be liable in the tax year that it is paid.

Further guidance is at:

Peer to peer lending

Thank you.