Tax
Crypto tax accountants in London
Crypto gains and income calculated and reported to HMRC correctly.
What is it
How is cryptocurrency taxed in the UK?
HMRC treats most cryptoassets as property, not currency. That means you may owe Capital Gains Tax when you sell crypto, swap one token for another, spend it on goods or services, or give it away (except to a spouse or civil partner). Crypto you receive from staking, mining, airdrops or as payment for work is usually taxed as income.
Key figures for 2026/27
- Capital Gains Tax annual exempt amount: £3,000.
- Capital Gains Tax rates: 18% for basic rate taxpayers and 24% for higher and additional rate taxpayers.
- You must report disposals on a tax return if your gains are over £3,000 or your total disposal proceeds are over £50,000, even if no tax is due.
- Gains are calculated using HMRC’s matching rules: same-day, then 30-day, then the Section 104 pool.
Since 1 January 2026, UK crypto platforms have been collecting customer and transaction data to share with HMRC under the international Cryptoasset Reporting Framework (CARF), so accurate reporting matters more than ever.
Who we help
Who needs help with crypto tax?
Crypto tax gets complex with many transactions across exchanges and wallets.
Individual crypto investors
Gains and losses on Bitcoin, Ethereum and other tokens calculated and reported.
Active traders and DeFi users
Frequent trades, token swaps, liquidity pools, staking and lending.
Businesses and companies holding crypto
Correct accounting and Corporation Tax treatment of cryptoassets.
What’s included
What our crypto tax service includes
Capital gains and losses calculation
Every disposal matched under HMRC’s same-day, 30-day and Section 104 pooling rules.
Reporting crypto income
Staking rewards, mining, airdrops and crypto received for work declared at the correct value.
Self Assessment tax return
Crypto gains and income included in your tax return and filed with HMRC on time.
Record-keeping and reconciliation
Transactions from exchanges and wallets reconciled so your records stand up to HMRC scrutiny.
HMRC letters and disclosures
Support with HMRC “nudge” letters, enquiries and disclosures of crypto gains from earlier years.
How it works
What happens, step by step
- 1
You send us your transaction history
Exports from every exchange and wallet you have used.
- 2
We work out your gains and income
Using HMRC’s rules for cryptoassets.
- 3
You review the figures
We explain how the numbers were calculated.
- 4
We report them on your tax return
And tell you what to pay and when.
What we need from you
- Transaction exports from every exchange and wallet
- Records of purchases, sales, swaps and transfers
- Details of staking, mining or airdrop income
- Records of fees paid
- Details of crypto received as payment
- Your UTR, if you already file a tax return
Services
Related services
Income tax – self assessments
Preparation and submission of personal income tax returns.
Capital gains tax
Advice and preparation for capital gains tax.
Corporation tax
Accurate calculation and filing of corporation tax.
VAT
VAT registration, preparation, and submission.
FAQ
Crypto tax: frequently asked questions
Do I pay tax on cryptocurrency in the UK?
Yes. Selling crypto, swapping it for another token, spending it or giving it away can trigger Capital Gains Tax. Crypto received from staking, mining, airdrops or as payment for work is usually subject to Income Tax.
How much tax do I pay on crypto gains?
After the £3,000 annual exempt amount, gains are taxed at 18% if they fall within the basic rate band and 24% above it. Losses can be offset against gains if you report them to HMRC.
Do I need to report crypto if I made a loss?
You must report if your total disposal proceeds were over £50,000, even with a loss. Reporting losses is also worthwhile because it lets you carry them forward to reduce future gains.
Does HMRC know about my crypto?
HMRC already receives data from many exchanges and sends “nudge” letters to people it believes have unreported gains. Since 1 January 2026, UK crypto platforms have also been collecting data under the Cryptoasset Reporting Framework for sharing with HMRC.
What if I have not reported crypto in previous years?
You can correct past years through HMRC’s cryptoasset disclosure service. Coming forward before HMRC contacts you usually means lower penalties. We can calculate what is owed and make the disclosure for you.
Licenses & certificates
