Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Wed, 08 Nov 2023 17:44:47 GMT by YL Edison
Hello, I have joined some deposit-like saving from a bank outside UK, in which i will earn flight milage instead of interest, after i deposited my money for a year. May i know whether i need to pay any tax for the milage earned, please? I am a tax resident in the financial year. Thanks.
Posted Fri, 10 Nov 2023 10:58:27 GMT by HMRC Admin 5
Hi,

As this is not an annual payment and the 'reward' is contigent on you making deposits, this is not taxable.

Thank you

You must be signed in to post in this forum.