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welcome bonus from bank

Answer
Klaudia Dobrzycka
Posted Mon, 28 Oct 2024 19:36:40 GMT by Klaudia Dobrzycka
Hello, do I need to declare as income a welcome bonus I received (about £205) for having opened a new bank account? And do i need to declare welcome bonus from having opened a credit card (I think that was additional £25)? Many thanks. Kind regards Klaudia
Answer
HMRC Admin 17 Response
Posted Mon, 04 Nov 2024 14:25:47 GMT by HMRC Admin 17 Response

Hi ,
 
No. 

These incentives are on offs, so are not taxable.


Thank you .

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