If you are a UK resident individual, FundingKnight will not make any deduction for tax. The same applies if you are a UK company, a UK approved pension scheme or UK LLP. If you are a resident outside of the UK and the original loan term is more than 12 months, then we are normally obliged to deduct basic rate income tax from the interest. Where there is a suitable Double Tax Treaty and HMRC confirms that you have filed the relevant paperwork then we will be able to pay you gross.
Further details can be found on the HMRC website