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Got "£75 free" bonus sign up, is this taxable?

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Hi, Im self employed. I signed up to a business account, which has given me a £75 incentive bonus. Does this count as(taxable) income for my business?
Thanks so much. 

Comments

  • Jeremy535897
    Jeremy535897 Posts: 10,732 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    On balance, it probably is. It would not be taxable if it arose on a personal bank account.
  • Mistral001
    Mistral001 Posts: 5,424 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    edited 26 January 2022 at 3:40PM
    Would it not be just a discount on the fees that you pay to the bank over say the bank year. 

    Of course that would mean you would have to reduce the fees you include as an expense and hence increase profit by the £75.  Hence it would mean that you would pay tax on it.
  • Markp1984
    Markp1984 Posts: 100 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    No ongoing fees, I'll count it as income. Thanks so much for both replies! 
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