cashback question

Question asked by jason steel 7 months ago

Hello I have somewhat of a beginner question because after searching online there seems to be different advice on how to record this situation. When using a business bank account credit card that comes with some kind of cashback reward, what is the best way to record the cashback in clearbooks under the UK tax regime? Is it counted as taxable income for the business?

3 Replies

thanks, that's helpful

No problem at all, glad I could help!

Tommy

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