HMRC-compliant crypto tax
reports, without the spreadsheet nightmare.

Yes. HMRC treats most cryptoassets as chargeable property. Capital Gains Tax applies when you dispose of crypto (sell, swap, spend, or gift outside a spouse). Income Tax applies to mining, staking rewards, airdrops received for services, and being paid in crypto. The annual CGT allowance for 2025/26 is £3,000 — gains above this are taxed at 18% (basic rate) or 24% (higher/additional rate).

For the 2025/26 tax year, crypto CGT is 18% for basic-rate taxpayers and 24% for higher and additional-rate taxpayers. The old 10%/20% rates applied only to disposals made on or before 29 October 2024. The rate applies to total net gains above the £3,000 annual exempt amount, and the exemption covers all chargeable assets combined.

Yes. HMRC treats crypto-to-crypto swaps as a disposal of the first asset at its GBP market value on the date of the swap, and an acquisition of the second at the same value. A capital gain or loss crystallises even though no fiat has changed hands — which is why investors often owe tax on transactions where they never "cashed out".

HMRC applies share-matching rules in a strict order. First, the same-day rule matches any disposal against acquisitions of the same token on the same day. Second, the 30-day bed-and-breakfasting rule matches against acquisitions in the following 30 days. Finally, any remaining disposal is matched against the Section 104 pool — a running weighted average of your historical holdings. FIFO is not permitted for UK individuals, which is why many crypto tax tools produce incorrect UK output by default.

Yes. HMRC has active data-sharing agreements with major UK and international exchanges including Binance, Coinbase, Kraken and others, and uses this data to issue "nudge letters" to taxpayers it suspects have underreported. From 1 January 2026, under the Crypto-Asset Reporting Framework (CARF), all UK-operating exchanges must collect and share detailed customer transaction data with HMRC — with fines of up to £300 per user for non-compliance.

You still have to file. HMRC requires a Self Assessment whenever total disposal proceeds across all chargeable assets exceed £50,000 in a tax year — regardless of whether your net gain is above or below the £3,000 annual exemption. This is a common trap for active traders whose gross trading volume triggers a filing obligation even on a year with low net profit.

Both — at different times. Staking rewards are taxed as miscellaneous income at the GBP value of the tokens on the date they are received. That GBP value then becomes the cost basis for the tokens, so when you later dispose of them, you also have a capital gain or loss calculation based on the difference between sale proceeds and the recorded income value. Liquid staking (stETH, rETH) has additional nuance we handle case-by-case.

Yes. Capital losses from crypto disposals can offset capital gains from crypto, shares, property and other chargeable assets in the same tax year, or be carried forward indefinitely to offset future gains. You must claim losses formally via Self Assessment within four years of the end of the tax year in which they arose — many investors miss this and permanently lose the relief.

Lost private keys do not automatically generate a capital loss, because HMRC considers you still the beneficial owner. You may, however, make a Negligible Value Claim if you can demonstrate the crypto is genuinely worthless or irrecoverable. Stolen crypto is generally not deductible. We assess each case against HMRC's specific tests.

No. Making Tax Digital for Income Tax Self Assessment is a separate regime scoped to sole traders and landlords with qualifying business or property income above HMRC's threshold. Personal crypto investment activity is reported through annual Self Assessment — SA100 and SA108 — using HMRC's online Self Assessment service or accredited SA software, not an MTD endpoint. HMRC has published no plans to bring personal crypto gains inside MTD. If you come across a service marketing "MTD-compliant crypto filing", treat it as a warning sign — no such submission route exists. The exception is where crypto activity genuinely constitutes a trade under the badges of trade (rare for individual investors), in which case trading profits may sit inside MTD via SA103 once you pass the income threshold.

CARF is a reporting obligation placed on cryptoasset service providers — exchanges, custodial wallet providers and some DeFi platforms operating in the UK. From 1 January 2026 they must collect identifying information and transaction data for UK users and submit it to HMRC annually, with the first report covering calendar year 2026 due by 31 May 2027. This does not change your filing obligation: you still submit an annual Self Assessment declaring gains and income in the normal way. CARF simply gives HMRC a second source of truth to reconcile your Self Assessment against, which is why accurate pooling and disclosure matter more than ever from the 2025/26 tax year onwards.