use of cashback credit card when self employed?

edited 30 November -1 at 1:00AM in Cutting Tax
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pavlovs_dogpavlovs_dog Forumite
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edited 30 November -1 at 1:00AM in Cutting Tax
hello all, i have a question to ask on behalf of a friend.

friend has been self employed for around 2 years and does his own tax returns. i was telling him about the wonders of cash back credit cards today, and recommended he get one. he asked me how it would affect him tax wise, a question i couldnt answer. im hoping you can help :beer:

if he uses this card for his business expenses, does he have to declare the 'cash back' (be it cash, points etc) he receives?

if so, how is it noted on the form; would it classify as unearned income?

how (if at all) would it affect the tax he pays/can claim back?

finally, does the nature of the cashback affect the way it is treated for tax purposes? (ie if he were to get nectar points/airmiles/tesco clubcard points instead of cash for example)

many thanks for any wisdom you can share - i must admit im totally put of my depth on this one

p_d
know thyself
Nid wy'n gofyn bywyd moethus...

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