- Location
- South Molton
Seen some inputs advertised with cashback. Do you put the cash back into the business or your pocket?
Guess you treat it the same as free shopping vouchers?
Guess you treat it the same as free shopping vouchers?
Cash back schemes
- Thread starter Sid
- Start date
- Location
- Northumberland
Do you really need to ask on a public forum what farmers are going to do with a little bit cashback? Unless you are also working undercover for the HMRC as well as the NFU cap.
Strickly speaking it should be treated as a business income and what cashback we have had in the past there is a disclaimer printed on the paperwork to say so and they will tell the HMRC if requested to do so.
Strickly speaking it should be treated as a business income and what cashback we have had in the past there is a disclaimer printed on the paperwork to say so and they will tell the HMRC if requested to do so.
- Location
- South Molton
Maybe you just pocket it...maybe some of us are more law abiding?
No worse than asking what to do about the badger cull or off label recommendations for drugs ?
So i got a cheque back from a company for a product that wasn't supplied does that go into private accounts as well?
I spoke to a rep last year and the more cashback a deal has the more likely that the farm manager will choose that product!
Cowabunga
Member
- Location
- Ceredigion,Wales
- Location
- Ceredigion, wales
I don't think I've ever been offered cashback on anything agricultural. I do know that the local farming coop give vouchers to share holders as a dividend. I suppose a farm manager/employee could use those to buy personal stuff from the coop but for us farmers they just help reduce the following bill.
- Location
- Northumberland
I have had a little cash back in the past; Michelin tyres if I remember rightly. The cash was supplied as a pre-loaded card and I couldn't see how to get the money easily back into the business, and there was no real paper trail. I suspect it is wrong and I should have declared it at some point, as extra drawings I guess but trying to explain it to the accountant gets complicated so it didn't happen (also as it was quite a small sum, I'd have effectively paid extra in accountants fees).
I don't like cash back 'cos I suspect it's an area where hmrc would take a very dim view; I would actively avoid cashback deals in future. I'd far rather just have a little discount instead; keeps things nice and legal. Do companies use it as a kind of scam to artificially inflate their headline sales figures (looks good so long as you don't examine the money flowing out again at the back door...)
I don't like cash back 'cos I suspect it's an area where hmrc would take a very dim view; I would actively avoid cashback deals in future. I'd far rather just have a little discount instead; keeps things nice and legal. Do companies use it as a kind of scam to artificially inflate their headline sales figures (looks good so long as you don't examine the money flowing out again at the back door...)
oldoaktree
Member
- Location
- County Durham
Luck money !
- Location
- Bedfordshire
- Location
- East Sussex
Load of excitement about nothing imo. I get a few hundred quid back on mobile phones every now and again and don't feel 'naughty' doing it.
Goes to show how silly the modern world is when companies like bae and RR are being fined for backhanders when in reality that's how most of the world works. Sanctimonious do gooders are on my grinding gears list at the minute.
Goes to show how silly the modern world is when companies like bae and RR are being fined for backhanders when in reality that's how most of the world works. Sanctimonious do gooders are on my grinding gears list at the minute.
- Location
- South Molton
In agricultural trader
- Location
- Northumberland
Merial have done it on wormers - cheque made out to business name.
Michelin/Kleber have done it - as said above in the form of a pre loaded debit card. (£250 if you bought 4 tractor/forklift tyres)
Would much prefer a discounted price to save the hassle of having to apply for the cashback.
Michelin/Kleber have done it - as said above in the form of a pre loaded debit card. (£250 if you bought 4 tractor/forklift tyres)
Would much prefer a discounted price to save the hassle of having to apply for the cashback.
- Location
- Ceredigion, wales
Was it Phones4U that used to offer cashback on mobile contracts? Something like £30/month then claim something like £15/month back after six and twelve months??? It was up to the customer to claim it back though, no doubt a few hoops to jump through.
- Location
- Lincolnshire
Most of these offers worked on the basis that half the customers would forget to apply.
How much
Member
- Location
- North East
No If its advertised as cash back its a marketing tool there are loads of them around agricultural or otherwise the wife just changed a broad band suppliers because it was 1 one year contract for £15.00 per month with a £75.00 cash back visa card thrown in .
So thats not a backhander or a bung what rolls royce were up to was not advertised so was either corrup or backhander, although it can be argued that in Arab nations its how business is done always has been probably always will be .
In African nations its how goverments and countrys run sadley usually to the detriment of there citizens ,and it should be stopped but its so deepley ingrained in society it will take 100 years to do.
in the western world some of us could win goverment business if we where lucky , but lets not kid ourselves we would not have a chance to make real money from it .
we in the uk maybe be dont have such blatent courruption , but if a company where to employ a former goverment minister or high ranking civil servant as say a director or if the chairman attended a certin school , univerisity or club that gets you a ticket to the big money contracts worth millions for "advising" govement or the nhs on IT or managment where the value of the contracts have seeminly little to do with the reality that nothing has been , made , produced , installed or anything else.
Its corruption just the same as what we accuse other country's of but without the swiss bank account or envelope of cash.
Grassman
Member
- Location
- Derbyshire
I use "top cashback" for some purchases. Probably had over £200 from it just for connecting to the seller's website through the top cashback site. Just had £150 from it by taking out a phone line from bt.