Soldato
- Joined
- 16 Jun 2009
- Posts
- 2,566
- Location
- Bucks
Sorry to resurrect an old thread but I think I just worked something out:
If I was offering cashback through Quidco, I'd claim the amounts paid out as business expenses. Now, how much would I put in my accounts? The actual cashback paid out over the year? Or perhaps the amount set aside as the cashback 'pot' at the start of the year, from which all cashbacks will be paid. The fishy part is that possibly not all that cashback pot will be used up, and I've got a tax deduction I might not actually incur. Either way, it's the taxpayer who is at least in part financing the whole thing.
If I was offering cashback through Quidco, I'd claim the amounts paid out as business expenses. Now, how much would I put in my accounts? The actual cashback paid out over the year? Or perhaps the amount set aside as the cashback 'pot' at the start of the year, from which all cashbacks will be paid. The fishy part is that possibly not all that cashback pot will be used up, and I've got a tax deduction I might not actually incur. Either way, it's the taxpayer who is at least in part financing the whole thing.