Posted on another thread but seems to have disappeared!
Anyway my reading is that the requirement for deducting tax from interest on a loan to a Company and reporting on a quarterly CT61 is not dieing in April?
Banks and Building Societies will pay gross. But they will report the interest paid to HMRC I think so the persons tax code can be amended for the actual interest paid in following year's I think (anyone figured out how this is going to work? chaos I think?!).
So my take is that interest is still paid net, and the recipient needs to do a tax return?!