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MSE News: Barclays Blue Rewards are now tax-free – act now to get £55 extra a year
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Legacy_user
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Sign up to Barclays Blue Rewards scheme by 30 November and you'll get double rewards for the first month...
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'Barclays Blue Rewards are now tax-free – act now to get a free £55 in a year'

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'Barclays Blue Rewards are now tax-free – act now to get a free £55 in a year'

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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Thanks Barclay's, nice move to save a potential small tax bill, but why had they not thought it through at the outset.?
It also demonstrates to me how easy it must be for companies to avoid paying tax when Barclays can do it for this scheme for its customers, merely by a slight change in theT&Cs0 -
What's the effective date of this reclassification? Do existing customers need to pay tax on Rewards received to date, or is this simply a clarification of the scheme, meaning no tax is due on any received payments?0
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What's the effective date of this reclassification? Do existing customers need to pay tax on Rewards received to date, or is this simply a clarification of the scheme, meaning no tax is due on any received payments?
Tax treatment of Barclays Blue Rewards
The £7 Loyalty Reward received up to and including November 2016 for being part of Barclays Blue Rewards is subject to UK income tax and may need to be declared to H M Revenue & Customs.
All other current rewards and cashback earned through Blue Rewards, and any Loyalty Reward received from December 2016, are not subject to UK income tax.0 -
Thank you madgagoo - I should have checked there.0
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