Quidco....Is this all above board?

LittleVoice

Badger_Lady wrote: »

I always put all my business expenses onto my credit card which pays cashback. You cynics out there - are you suggesting I should also be giving that cashback to my employer??

As far as I'm concerned, that cashback is not a 'discount'. It is an incentive for using an affiliate website that advertises products and services. Just as the cashback on my credit card is an incentive for using that payment method. My airmiles are for my personal use (and yes that means free / upgraded personal flights). It's all legit

Cashback (via Quidco et al) is indeed a discount. It's the "back" which says as much.

Halifax give an "incentive" to use a current account - £5 per month. That's a nett figure after tax. So just as that incentive is equivalent to an interest payment subject to tax, cashback is taxable if you keep it when eventually it's your employer who is actually paying for the item, not you. (Of course, when the cashback is for something you are paying for without re-charging someone else it is not taxable as it is already from your taxed income.)

GavB79

LittleVoice wrote: »

Cashback (via Quidco et al) is indeed a discount. It's the "back" which says as much.

Halifax give an "incentive" to use a current account - £5 per month. That's a nett figure after tax. So just as that incentive is equivalent to an interest payment subject to tax, cashback is taxable if you keep it when eventually it's your employer who is actually paying for the item, not you. (Of course, when the cashback is for something you are paying for without re-charging someone else it is not taxable as it is already from your taxed income.)

Thank you, someone who agrees with me at last.
Just because everyone does it, doesn't mean it's legit!

GavB79

molerat wrote: »

Hope all you nay-sayers don't accept clubcard points / nectar on your petrol, nectar on your Ford service, freebies with petrol, cashback on your credit card. All of these have a value.

Not on anything business related, no.

gardner1

GavB79 wrote: »

Yeah who cares about right or wrong, so long as no-one finds out!

its only a few pounds cashback for gods sake the way your going on you would think we were MPs fiddling expenses........but thats ok their allowed to do that;)

gardner1

LittleVoice wrote: »

Cashback (via Quidco et al) is indeed a discount. It's the "back" which says as much.

Halifax give an "incentive" to use a current account - £5 per month. That's a nett figure after tax. So just as that incentive is equivalent to an interest payment subject to tax, cashback is taxable if you keep it when eventually it's your employer who is actually paying for the item, not you. (Of course, when the cashback is for something you are paying for without re-charging someone else it is not taxable as it is already from your taxed income.)

another person who thinks claiming a few pounds cashback is a serious offence..........GET A LIFE

GavB79

gardner1 wrote: »

its only a few pounds cashback for gods sake the way your going on you would think we were MPs fiddling expenses........but thats ok their allowed to do that;)

That's a very good comparison. Some MPs went to prison.

Where do you draw the line? £5, £500, £5,000? Immoral is immoral. And, sometimes, illegal.

gardner1

GavB79 wrote: »

That's a very good comparison. Some MPs went to prison.

Where do you draw the line? £5, £500, £5,000? Immoral is immoral. And, sometimes, illegal.

Dont think to many MPs went to prison for the odd £20 a few times a year

I take it you consider yourself whiter than white when comes to things like this