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Is the RBS Bank Switching Bonus taxable? Corp Tax

Bank Switching Bonus

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Is the RBS Bank Switching Bonus taxable for CT? £750.

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By beattieles
04th Apr 2020 11:22

Why would it not be taxed? Bank charges are deducted pre-tax.

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By yorky1000
05th Apr 2020 16:14

It might not be taxed because it is a Government backed incentive to move customers out of RBS. So effectively the Govt is giving customers £750 or more and then promptly taking 19% back.

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By mjshort
06th Apr 2020 07:16

It is taxable.

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