Is Quidco cashback taxable?

Bargain_Rzl

I'm sure this must have been asked on these forums before but have tried using the search facility and haven't found an answer yet.

I assume that the likes of AQA, cash for surveys, mystery shopping ARE all taxable as they are earnings.

But with quidco, as it is not earnings but cashback (effectively a discount), is there any tax implication? I have been assuming that there is not.

I'm only asking cos I got my first Quidco payment today :j

Cheers

mizmir

My assumption is the same as yours - quidco, pigsback etc. are all cashback sites so would count as discounts and not be taxable. AQA and mystery shopping etc would be. Incidentally ebay is not if you are selling your own possessions and there is no tax on gambling winnings so matched betting is tax-free too.

Bargain_Rzl

Thanks - that confirms what I thought. Also the thing about Ebay - I had already assumed this to be the case.

Graham_Devon

Depends on your situation and how you use it to be honest.

For me it is, or at least some of it, as I'm buying stuff to make a profit in terms of business.

The cashback rule only applies for personal items, such as buying a new pair of jeans and getting 5% back.

Bargain_Rzl

Oh well OK, that makes sense. It's still fine for me then - all I've bought through there so far has been for personal use (I'm just pleased my new washing machine just got me £25 back in my bank account - well it was £30 but being my first payment the annual fee came out of it!)

newleaf

I just had my first Quidco payout today too Isn't it great? I had £54 back from my Christmas shopping, soooo happy