RBS - Is the £5 max monthly reward paid gross or net of tax?

tg99

RG2015 said:

tg99 said:

HANGELFLOWER said:

Has anyone found the answer to this question?
I am thinking it could be classified as cashback, as £2 for each of £2 minimum direct debits, and the £1 for mobile login which is stated to be a refund on the account fee in the terms. There is no mention of tax in the terms though annoyingly. Wondering if it will need to go on my tax return or not. Any insight gratefully received.
I have Barclays Rewards and they specify it as cashback.
Thanks.

I called Natwest who said it was not taxable.

I do not believe that an unsupported conversation with a bank helpline person would satisfy HMRC.

Based on the content of my phone call I am more than happy that it is sufficient.