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Credit card reward points, is this a taxable benefit?
helpingafriend
Posts: 32 Forumite
I have been trying to interogate HMRC site but it is not terribly search friendly, so any help would be appreciated.
It is my understanding that if you use a personal credit card for company expenditure and get reward points (eg Nectar points) that this is not classed as a taxable benefit as there is no cost to the employer, even though you could potentially earn hundreds of pounds in reward points.
It seems unlikely to me that HMRC haven't tried to tax this income so if anyone can help clarify I should be grateful.
It is my understanding that if you use a personal credit card for company expenditure and get reward points (eg Nectar points) that this is not classed as a taxable benefit as there is no cost to the employer, even though you could potentially earn hundreds of pounds in reward points.
It seems unlikely to me that HMRC haven't tried to tax this income so if anyone can help clarify I should be grateful.
0
Comments
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i`d be amazed if it was taxable,and i suspect youd have to spend a hell of alot on the card to get 100`s in cash back,your employer should be able to confirm this0
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Thank you very much. We have some people putting 10k+ through on their cc, so it is quite a large amount0
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