Crypto Currency Tax Advice UK
Expert support with your cryptocurrency tax reporting and compliance
As cryptocurrencies like Bitcoin, Ethereum and other digital assets become more mainstream, so too does the need for clear, reliable tax advice. Whether you’re already trading, mining, staking, or just exploring crypto investments, it’s essential to understand your tax obligations.
At Carbon Accountancy, we offer professional, friendly and jargon-free support to individuals and businesses navigating the complex world of cryptoasset taxation. As experienced crypto tax accountants, we’re here to help you stay compliant, minimise your tax liability where possible, and ensure accurate disclosures on your HMRC tax returns.
What counts as a cryptoasset?
Cryptoassets, also known as cryptocurrencies or tokens, come in many forms – from Bitcoin and Ethereum to newer coins like Solana, Dash or Monero. These assets are used in a variety of ways: as investments, for payments, through DeFi platforms, or even earned as rewards via mining or staking.
Because the crypto sector is evolving rapidly, the rules around how these assets are taxed are constantly changing too. That’s why it’s crucial to get expert advice tailored to your individual circumstances.
How are cryptoassets taxed?
The tax treatment of crypto depends on a few key factors:
- What kind of crypto activity you’re involved in (buying and holding, trading, mining, staking, etc.)
- Whether you’re acting as an individual or through a business
- Whether your activity counts as investing or trading
Depending on these factors, you could be liable for:
- Capital Gains Tax – most commonly applied when you sell, trade or gift crypto and make a profit.
- Income Tax – if you’re mining, staking, receiving crypto as payment, or conducting frequent trades.
- VAT – where crypto activity forms part of your business operations.
In some situations, certain crypto transactions may be tax-exempt – but you need to meet specific criteria. We help clarify exactly what applies to you and how to plan accordingly.
HMRC and crypto – what you need to know
HMRC treats crypto transactions based on what actually happened, not just what terms are used. So even if a transaction is labelled as a “gift” or “swap,” HMRC may interpret it differently depending on the context.
They expect detailed records of all your crypto transactions – including dates, coin types, values in GBP, wallet addresses and transaction IDs. Failing to disclose your crypto dealings accurately can result in penalties, so don’t leave it to chance.
We process all relevant data for HMRC and advise you on how to properly disclose your crypto activity when submitting your Self-Assessment tax return.
Why choose us as your crypto tax accountant?
- ✅ Up-to-date expertise on HMRC guidance and crypto tax law
- ✅ Bespoke advice for investors, traders, miners, and businesses
- ✅ Professional data handling and clear reporting for tax returns
- ✅ Support with tax-efficient planning and avoiding unnecessary penalties
- ✅ Friendly, client-first service – no jargon, just straightforward advice
Whether you’re dabbling in crypto for the first time or actively trading and earning, we’re here to help you understand the rules and keep your tax affairs in order.
Don’t leave your crypto tax to chance
If your crypto gains exceed the Capital Gains Tax annual allowance – or if your total disposal proceeds are more than four times the allowance – you may be required to report and pay CGT. But this isn’t the only threshold to be aware of, and crypto tax treatment is rarely straightforward.
Let us handle the complexity. From tax return submissions to HMRC disclosures and strategic tax planning, we’ll make sure your crypto is tax-efficient and fully compliant.
Get in touch
For expert, friendly advice on cryptocurrency tax in the UK, contact us today.
📞 +44 (0)20 7710 5300
📧 [Email Us]
You can also visit gov.uk’s guide to crypto tax for further information.
