240 people reported more than £1 million in capital gains from cryptoassets in the 2024 to 2025 tax year official statistics show, accounting for £717 million of cryptoasset gains between them. Total taxable capital gains from cryptoassets for 17,600 individuals were £1.38 billion in the 2024 to 2025 tax year, with an average gain of £78,000 reported per individual. Following the
New rules will help unmask anyone evading tax due on their crypto profits UK crypto holders must provide personal details to crypto service providers from January 2026 or face penalties of up to £300 Aligns with government’s Plan for Change to ensure everyone pays their fair share of tax to fund vital public services
Anyone earning extra income through a side hustle is being urged to check if they need to register for Self Assessment – and if so, file their tax return now. HMRC is encouraging those with additional income streams – from online selling and content creation to dog walking and property rental – to understand their tax obligations and get ahead of the January deadline rush.
With use of cryptoassets growing, HM Revenue and Customs (HMRC) is urging people to avoid potential penalties and check if they need to complete a Self Assessment tax return for the 2022 to 2023 tax year.
Anyone with cryptoassets should declare any income or gains above the tax-free allowance on a tax return. Tax may be due when a person:
receives cryptoassets from employment, if the
HM Revenue and Customs (HMRC) is reminding anyone who is new to Self Assessment for the 2022 to 2023 tax year that they have just 2 weeks until 5 October to tell HMRC and register.
