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Posted Mon, 25 Nov 2024 16:33:34 GMT by Esc
Are UK referral rewards, UK rewards/ vouchers from doing some surveys and an insurance annual bonus from a FOREIGN insurance policy grouped under miscellaneous income? If all of them are under £1,000, I won't need to declare? Or the FOREIGN bonus is not included as the miscellaneous income?
Posted Sun, 01 Dec 2024 18:51:24 GMT by Esc
Hello, does anyone know an answer to this question? Thanks.
Posted Mon, 02 Dec 2024 13:30:59 GMT by HMRC Admin 19 Response
Hi,
You can see guidance here:
SAIM8020 - Annual payments: meaning of annual payment
Thank you.
Posted Sun, 08 Dec 2024 17:33:12 GMT by Esc
Thanks HMRC Admin 19. So do I understand correctly that the referral rewards and the survey vouchers are not the 'annual payments' in SAIM8020 as I have to refer someone and do some surveys to earn them? Are you saying that the FOREIGN insurance policy's annual bonus can be the annual payment according to SAIM8020 as I got it without doing anything in return? Please confirm my understanding above. Thank you.
Posted Thu, 12 Dec 2024 17:14:20 GMT by HMRC Admin 20 Response
Hi,
We can only provide general information / guidance in this forum.  
For an answer to a question of this nature, you would need to contact our self assesment helpline on 0300 200 3310, contact our webchat facility at
Contact HMRC or seek professional advice.
Thank you.
Posted Thu, 12 Dec 2024 19:56:48 GMT by Esc
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