American Express Tax on Cashback

Hello HMRC Team, Could you please confirm that cashback (at 0.5% per transaction) received on my credit card (which has an annual fee) doesn’t face any tax implications on either income or capital gains tax as an individual on PAYE. Thanks, J

Hi,

Please refer to guidance below to see if you meet the conditions:

SAIM8020 - Annual payments: meaning of annual payment

Thank you.