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Cashback

geckomandoza
Posted Tue, 11 Jul 2023 18:16:11 GMT by geckomandoza
Hi Can you please tell me whether cashback received from websites such as Topcashback and Quidco is classed as taxable income please? Also, I received a reward for switching banks. Is this taxable please? Thanks.
HMRC Admin 10
Posted Fri, 14 Jul 2023 12:47:53 GMT by HMRC Admin 10
Hi
Yes.
You need to declare this as other income.
Thankyou.
HMRC Admin 8
Posted Mon, 17 Jul 2023 12:30:55 GMT by HMRC Admin 8
Hi,
It’s the interest from savings less the £300 disregard:
What counts as income
Thank you.
 

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