Credit Card Cashback Tax Code

Do you know what Tax Code we should use when posting cashback from our credit card provider?

Thanks

  • 0

    Hi Shelley.

    Thanks for using Sage City. 

    Depending on the scope of VAT for this cashback will depend on which tax code to use. If you double check with HMRC, which box(es) on the VAT it needs to affect, if any, and let us know. 

    We can then provide further details on a potential tax code to use.

    The following guide may give some assistance with tax codes, however, we always recommend you double check with HMRC to make sure that it's affecting the correct boxes on the VAT return: 14435

    Regards,

     

    Sean

    Sage UKI