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Quidco And Tax
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tryhard_2
Posts: 348 Forumite
in Cutting tax
apologies if this has been asked already - did not find it on searching. Is the cashback from quidco considered as income?
thanks in advance
TH
thanks in advance
TH
TH
0
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tryhard wrote:apologies if this has been asked already - did not find it on searching. Is the cashback from quidco considered as income?
thanks in advance
TH
No. Because it is conditional on making a purchase, it is considered to be a discount rather than an income stream.0 -
It depends what it is for. If it's cashback on personal purchases then it won't be taxable. If it's cashback on items you've purchased for your business or employment, then it is. Instances where you get cashback for no outlay may also be taxable especially where multiple transactions are made. This topic was discussed in more detail here: Cashback and the Taxman and here: Should I be declaring my rpoints for tax purposes?tryhard wrote:Is the cashback from quidco considered as income?0
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