CryptoTax UK · Guide
Crypto Cashback Tax UK — HMRC Guide for 2025/26
Many platforms and cards offer crypto cashback on purchases. This guide explains whether HMRC taxes these rewards and how to account for them. Educational only — not tax advice.
Estimate my crypto tax →Is crypto cashback taxable?
Cashback received purely as a discount on goods you purchased is generally not income. Cashback received in exchange for using a particular card or service may be treated as miscellaneous income. HMRC has not issued specific guidance on crypto cashback.
Cashback as a cost reduction vs income
Where cashback is treated as a discount on the original purchase, it reduces the cost of those goods. Where it is treated as income, the GBP value on receipt is taxable in the year received.
Frequently asked questions
Do I need to declare crypto cashback on my tax return?
Potentially — if the cashback is treated as income, it should be declared. Many people with small cashback amounts may fall below reporting thresholds, but keeping records is advisable.
More UK crypto-tax guides
Educational guidance only. CryptoTax UK is not a regulated tax adviser and the information above does not constitute tax, legal or financial advice. Always confirm your specific position with HMRC or a qualified accountant before filing.