CryptoTax UK · Guide
Play-to-Earn Tax UK — HMRC Guide for 2025/26
Play-to-earn games reward players with crypto tokens and NFTs that have real-world value. This guide explains how HMRC is likely to treat P2E earnings. Educational only — not tax advice.
Estimate my P2E tax →Are P2E rewards taxable income?
Tokens earned by playing games may be treated as miscellaneous income in the year received, at their GBP value on the date of receipt.
NFTs earned or sold in P2E games
NFTs earned as in-game rewards may be treated as income when received. Subsequent disposal of those NFTs (selling on secondary markets) creates a CGT event.
Frequently asked questions
Do I pay tax on tokens I earn in a game?
Tokens earned in P2E games with real-world value are likely taxable as miscellaneous income in the year you receive them, at the GBP value on receipt.
What if I only play occasionally and earn small amounts?
Even small amounts of crypto income are technically taxable. If your total income from all sources is below your personal allowance you may not owe tax, but you should keep records.
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.