The CO-OPs vouchers are taxable!

Posted by Paul Scholes PM | on Fri, 08/06/2012 - 15:33 912 4 comments | report

With a new Co-Op near home and a big one near our caravan on the coast, I was pleasantly surprised to get £18 worth of vouchers to splash out on all my favourite goodies (they do some great chunky vegan pasta).

The vouchers were accompanied by a sheet setting out how the points had accumulated etc and, just as it went ito the recycling bin, I spotted the words "Tax information". The bloody things carry a taxable element net of BR tax.

So should I now be sending an addendum to all my tax clients along the lines "one extra line for the checklist - are you a Co-Op member? Then I thought what about my 110,000 Nectar points? (yes my Nectar card is the most valuable thing in my wallet).

Roll on retirement

Comments

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So's the

ACDWebb | Fri, 08/06/2012 - 17:23

Card

zebaa | Sat, 09/06/2012 - 13:54

But is it to be declared as interest or dividend?

PatriciaRr | Wed, 17/10/2012 - 10:24

Also just wondered whether the tax deductions are repayable?

PatriciaRr | Wed, 17/10/2012 - 10:34