We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Halifax Rewards - gross or net?
Comments
-
Thanks for the extra clarification.0
-
That's what Halifax told me too. But HMRC told me to include it as savings income, which I have done every year up to now.The Halifax Reward £5 payments (and the tax paid) on the current account have to go on your self assessment return under 'other income' not in the section for savings interest.
Honestly, I don't think HMRC really know whether this counts as an interest payment or not.0 -
glider3560 wrote: »That's what Halifax told me too. But HMRC told me to include it as savings income, which I have done every year up to now.
Honestly, I don't think HMRC really know whether this counts as an interest payment or not.
Then they need to read their own flippin' manual
https://www.gov.uk/hmrc-internal-manuals/savings-and-investment-manual/saim80000
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards