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Credit card Cashback

Posted Mon, 31 Jul 2023 09:42:51 GMT by
Hi Can HMRC please tell me if cashback is taxable for a credit card which gives 0.5% cashback on purchases made. The card has a £3 monthly fee. Thanks
HMRC Admin 20 Response
Posted Fri, 04 Aug 2023 11:31:04 GMT by HMRC Admin 20 Response
Hi Jura,

No - see guidance at Statement of Practice 4 (1997) section B. General.

Thank you.

 

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