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Bank switching reward

adays
Posted Fri, 24 Mar 2023 16:41:41 GMT by adays
Hi, Is a one-time cash reward from bank for switching account to them courted as income? Could I have instruction, like what income type should I put it under? Thanks
HMRC Admin 32
Posted Fri, 14 Apr 2023 09:37:39 GMT by HMRC Admin 32
Hi,

Yes, this is classed as taxable income and treated as other unearned income in your tax return.

Thank you.
Raymond_33
Posted Thu, 27 Apr 2023 17:59:05 GMT by Raymond_33
Hi HMRC, Should I report my cash rewards from the bank for switching account in SA100, Page TR3, Box 17? Thanks

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