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Tax on earnings
Btty
Posts: 3 Newbie
in Cutting tax
Sorry but can't find out how to post a new forum topic!
Wanted to know if individuals need to declare cashback for a tax return in the UK or USA
I have received several hundreds of pounds
Thanks.
Wanted to know if individuals need to declare cashback for a tax return in the UK or USA
I have received several hundreds of pounds
Thanks.
0
Comments
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Sorry but can't find out how to post a new forum topic!
Wanted to know if individuals need to declare cashback for a tax return in the UK or USA
I have received several hundreds of pounds
Thanks.
Don't know abou the US (but I'd be very surprised if it's any different) but no need to declare anything in the UK - it's just a discount on items bought, and not income.
Slightly different scenario if you're in business and claiming expenses - the cashback has to come off the amount claimed because you can only claim the net amount paid.0
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