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Santander 123 Cash Back and Tax
tigerspill
Posts: 977 Forumite
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.
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.
0
Comments
-
You are correct, cashback is not taxable.0
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