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?
My uncle says he is thinking of gifting me £75000. We currently receive tax credits as a family and I am concerned as to how this would impact us. I understand the only tax to pay on the gift will be on due via Inheritance tax at a later date. My question is should I stop our tax credit claim if he decides to gift us the money or just carry on declaring any interest it makes alongside our earnings and let HMRC decide whether we receive any tax credits?