Taxes on referral earnings

Referral rewards are income, and understanding the tax implications is important.

Is my reward taxable?

In most jurisdictions, yes. Referral rewards are typically considered taxable income and should be declared to tax authorities.

UK tax guidance

In the UK, referral income may be treated as:

• Miscellaneous income if occasional
• Trading income if regular/substantial

The treatment depends on your circumstances. Consult HMRC guidance or a tax professional.

What we provide

We can provide:

• Annual earnings statements
• Transaction history exports
• Documentation for your records

Your responsibilities

You are responsible for:

• Declaring income to tax authorities
• Paying any tax due
• Keeping accurate records
• Consulting professional advice if needed

Record keeping

We recommend keeping:

• All payment receipts
• Annual earnings summaries
• Bank statements showing deposits
• Records of related expenses

Getting help

For tax-specific questions, we recommend:

• Consulting a qualified accountant
• Reviewing HMRC guidance (UK)
• Using official tax authority resources

Disclaimer: This is general information, not tax advice. Consult a qualified professional for advice specific to your situation.