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  • RE: Is bank referral bonus taxable in UK?

    Thank you for the link. I have read through it but I cannot get the answers. May I know the answers to my questions? It is rewards from bank for referring a friend to join their bank account. 1. Are these amounts taxable? 2. If yes, shall I report it under other UK income? 3. When are they taxable? The date I signed the referral form or when the money is received to my bank account? Thank you.
  • Is bank referral bonus taxable in UK?

    I am a resident in UK. May I know if the referral bonus I gained for referring my friends to join an bank account is taxable in UK or not? If yes, shall I report it under other UK income section? And if the date I signed the referral form is 30/3/2021 but the bonus fee was paid by the bank on 12/5/2022. So shall I report the tax under 2020/2021 or 2021/2021? Thanks.