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  • FIRST POST
    • Dorian1958
    • By Dorian1958 13th Oct 18, 5:41 PM
    • 164Posts
    • 128Thanks
    Dorian1958
    Is a bank switching bonus regarded as income by HMRC?
    • #1
    • 13th Oct 18, 5:41 PM
    Is a bank switching bonus regarded as income by HMRC? 13th Oct 18 at 5:41 PM
    Apologies if covered before; a search did not produce anything obviously relevant.

    Does any cash received as a bank switching bonus have to be declared to HMRC and be subject to income tax?

    TVM, Dorian
Page 1
    • csgohan4
    • By csgohan4 13th Oct 18, 5:43 PM
    • 5,266 Posts
    • 3,356 Thanks
    csgohan4
    • #2
    • 13th Oct 18, 5:43 PM
    • #2
    • 13th Oct 18, 5:43 PM
    no, it is an incentive and not income or interest, just like cashback from credit cards
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
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