Barclays Blue Rewards + income tax

Dear All,

I would really appreciate your advice regarding the Barclays Blue Rewards scheme. While, on the Barclays website, it clearly says that rewards received after Nov 2016 are not considered taxable income, on the HMRC community forum, it says that the rewards are not taxable at source but are still taxable income.

I've posted the following query on the HMRC forum as well but have not heard back from them. I was wondering if you could comment on this: 

From what I've been able to gather based on your response above, the £5/month reward given to Barclays Blue Rewards customers would be considered taxable income (under the 'other income' category) even though it says on the Barclays website that it isn't. Please can you clarify if this would count as taxable income if the account is held for less than 12 months? And would these rewards be exempt from taxation if the total 'other'/ miscellaneous income earned (including the rewards) is under £1000 in any tax year?

Many thanks in advance for your reply.


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