The CleverCard that you received qualifies for the small benefits tax exemption scheme and can only be used to purchase goods or services. If the CleverCards were converted to cash, your and/or your employer may have a tax liability.
CleverCards cannot be converted to cash or used for ATM withdrawals, money transfers (e.g. Revolut, PayPal, Wise, TransferWise; mPayX), or Quasi cash merchants like cryptocurrencies or money orders and this is referenced in the Terms and Conditions available in your CleverCards app.
Comments
0 comments
Article is closed for comments.