Santander 123 Cash Back and Tax

tigerspill

Hi,

I am starting to complete my 14/15 Self Assessment TAx Return.

Looking at my Santander 123 accounts, the net interest payments and associated tax payments are clear.

I also get cash back payments for direct debit payments. How are these handled as far as tax is concerned? There is no mention of any tax payments. Are these payments subject to income tax?

Thanks

UPDATE - I believe that the cash back is NOT taxable. Thanks.

agrinnall

You are correct, cashback is not taxable.