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Is a bank switching bonus regarded as income by HMRC?
Dorian1958
Posts: 241 Forumite
in Cutting tax
Apologies if covered before; a search did not produce anything obviously relevant.
Does any cash received as a bank switching bonus have to be declared to HMRC and be subject to income tax?
TVM, Dorian
Does any cash received as a bank switching bonus have to be declared to HMRC and be subject to income tax?
TVM, Dorian
0
Comments
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no, it is an incentive and not income or interest, just like cashback from credit cards"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0
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