If you buy or sell cryptocurrency, it’s important to know that HMRC is tightening the rules around disclosure.
From 1 January 2026, cryptocurrency platforms such as exchanges will start sharing transaction information directly with HMRC. This means HMRC will have a much clearer picture of who is selling crypto and when.
What does this mean for individuals?
If you:
Sell cryptocurrency
Swap one cryptocurrency for another
Use crypto to pay for goods or services
you may need to declare any profit on your tax return. In many cases, this is subject to Capital Gains Tax.
Why this matters now
HMRC will soon be able to compare the information they receive from crypto platforms with what taxpayers report themselves. Any differences could lead to questions, penalties, or backdated tax bills.
What should you do?
Keep clear records of your crypto transactions
Make sure any gains or losses are correctly reported
If you’re unsure whether you’ve declared everything in the past, seek advice sooner rather than later
We help individuals and businesses:
Understand whether their crypto activity is taxable
Calculate gains and losses clearly
Ensure tax returns are accurate and compliant
Review past returns if needed
