Energy supplier rewards and referral schemes

MSE_Clare

Hi everyone

We've just published a new guide on Energy supplier rewards and referral schemes and we'd love to hear your feedback.

If you haven’t already, join the forum to reply.

Thanks for your help,

MSE Clare

FrugaiMacDugal

Your link doesn't work.

MSE_Clare

FrugaiMacDugal said:

Your link doesn't work.

Should work now! Just took a while to publish. Thanks

jim1999

Bit odd sharing a guide to it, when you ban forum users for sharing referrals.

Spoonie_Turtle

jim1999 said:

Bit odd sharing a guide to it, when you ban forum users for sharing referrals.

Agreed.

It is useful to see which suppliers do them though, and to easily compare if you're being offered virtually identical tariffs.  I only knew of two before reading the guide.

debitcardmayhem

Yep referrals aren’t allowed on the forum, I have reported many over the years

bristolleedsfan

"Scottish Power: My ScottishPower £5 bill credit when signing up. All new members of the scheme will get this"

https://www.scottishpower.co.uk/myscottishpower
"Don’t miss out! Get £5 energy credit if you join our rewards club before 1st December"

Largs

This is very handy to know, there are some suppliers on the list I was not aware gave an incentive.

Kat76

Please can MSE confirm how referral awards/credits should be treated for tax purposes - are they taxable?  Do they need to be included on a self assessment form?

Netexporter

I am not an accountant or tax lawyer, but export payments for solar are taxable, if they exceed your £1000 "side hustle" allowance. I imagine referral rewards would be treated the same way.

Mister_G

Netexporter said:

I am not an accountant or tax lawyer, but export payments for solar are taxable, if they exceed your £1000 "side hustle" allowance. I imagine referral rewards would be treated the same way.

I'm not so sure about that.  I read it that domestic FiT payments for an individual are not taxable.

https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim40510