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Missed Nationwide payout off tax return
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Yescaper7 said:What about that £50 thank you, does that also need to be declared as income?
Had completely forgotten about it till I saw this thread, luckily I haven't done my return yet.If you are an investing member, or both an investing member and a borrowing member, when we make the payment, it is treated as interest for UK income tax purposes.
If you are only a borrowing member when we make the payment, we are taking steps to confirm how it is treated for UK income tax purposes, and you may be liable for tax.
https://www.nationwide.co.uk/about-us/the-big-nationwide-thank-you/terms/#8-how-is-the-payment-treated-for-uk-tax-purposes1
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