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UK Crypto Tax Advice
Last Updated 10/10/2024
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Ask a questionAT A GLANCE
Are you paying too much tax on your crypto in the UK? Are reporting mistakes causing issues with HMRC? You need the expert advice from Tax Natives – reach out today.
THE HEADLINES
The UK has a clear tax framework for crypto.
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Capital Gains Tax – 10% to 20% after a £6,000 allowance
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Income Tax – 20% to 45% on earnings from mining, staking, or airdrops
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Corporation Tax – 25% on crypto profits
With the right strategy, you can still optimise your tax situation in the UK. Here’s what else to consider for your crypto taxes!
UK CRYPTO TAX RATES
| Tax Type/Consideration | Implication | Notes |
|---|---|---|
| Crypto trading | Capital Gains Tax (CGT) applies to profits from buying and selling crypto | CGT rates vary based on individual circumstances and income level |
| Crypto mining | Income Tax applies to crypto earned through mining | Crypto miners may be considered self-employed and subject to additional tax obligations |
| Staking & DeFi | Income Tax or CGT may apply, depending on the specific activity and circumstances | Tax treatment of staking and DeFi activities can be complex and requires careful consideration |
| NFTs | CGT applies to profits from buying and selling NFTs | NFTs are generally treated as assets for tax purposes |
| Airdrops | Income Tax may apply to the value of crypto received through airdrops | Tax treatment of airdrops can vary depending on the circumstances |
| Crypto payments | Businesses accepting crypto payments may need to account for VAT and potential CGT | Businesses should consult with a tax advisor to ensure compliance with VAT and other tax obligations when accepting crypto payments |
| Crypto payroll | Paying employees in crypto triggers PAYE and National Insurance obligations | Businesses need to ensure proper payroll tax withholding and reporting when paying employees in crypto |
| Record keeping | Maintaining accurate records of all crypto transactions is crucial for tax compliance | HMRC requires individuals and businesses to keep detailed records of their crypto transactions, including dates, amounts, and types of transactions |
| Reporting | Crypto transactions need to be reported on Self Assessment tax returns or Company Tax Returns | Individuals and businesses must declare their crypto gains and losses on their tax returns |
| Loss relief | Losses from crypto transactions can potentially be offset against gains for tax purposes | Specific rules apply to claiming loss relief for crypto transactions |
| Tax-efficient strategies | Various strategies can help minimise crypto tax liabilities | Consult with a crypto tax advisor to explore tax-efficient strategies, such as utilising tax allowances, claiming allowable deductions, and considering the timing of transactions |
MASTER THE WORLD OF UK CRYPTO TAX
Ready to take control of your crypto taxes? Whether you’re an experienced trader or just starting out, we’ll help you keep more of what you earn.
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CONNECT WITH THE UK’S LEADING CRYPTO TAX ADVISORS
Whether a UK expat, crypto trader, or business owner, you need the right crypto tax strategy to stay compliant and maximise profits. Our experts are ready to step in with cutting-edge advice that saves money and keeps you on the right side of HMRC.
No tax challenge is too big for our expert advisors – they’ll help you lower your liabilities and keep more of your hard-earned crypto. Use our simple contact form to speak with a specialist today.
GET YOUR CRYPTO TAX EXPERT TODAY
The UK’s crypto tax laws can lead to costly errors and fines, so why risk it? Secure your future and keep more of your gains with top crypto tax experts by your side.
Take control of your crypto taxes in 3 simple steps:
1. GET IN TOUCH
Tell us your crypto tax concerns using our quick contact form.
2. GET MATCHED
We’ll connect you with the right crypto tax expert for your situation.
3. GET GUIDANCE
Enjoy a personalised tax strategy that saves money and removes stress.
Why wait? Start now and keep more of what’s yours!
YOUR TRUSTED PARTNER IN PORTUGESE CRYPTO TAX
From handling tax issues to reducing your tax bill, you can enjoy the peace of mind our Portugal crypto tax advisors have to offer.
Connect with a chartered tax advisor through Tax Natives and take back control of your crypto taxes.
CRYPTO TAX SOLUTIONS IN THE UK
We offer personalised crypto tax solutions for individuals and businesses across the UK. See below how we can help with your own crypto tax needs.
PERSONAL CRYPTO TAX SERVICES
Watching your profits shrink from taxes? Are you a UK expat losing money to overpayments? Our experts are here with the personal crypto tax advice you need to keep more of your earnings.
CRYPTO INVESTORS
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Capital Gains Tax (CGT) – Get personalised advice on managing your tax liabilities from trading activities to avoid penalties and keep things simple.
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NFT tax – Whether you’re experienced or just dipping your toes into NFTs, we’ll show you how the profits impact your capital gains and income tax.
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HMRC crypto investigations – If you’re trading high volumes, HMRC might come knocking. We offer the support you need to deal with investigations confidently.
DEFI USERS AND LIQUIDITY PROVIDERS
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Crypto income tax – Earning rewards through staking or liquidity pools? Let us help you understand how to handle this for tax purposes so you can stay compliant.
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DeFi and staking tax – DeFi platforms can generate staking rewards or other income. We’ll help you understand the appropriate tax treatment to reduce liabilities.
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Mining and airdrops – Got tokens from mining or airdrops through DeFi? We’ll make sure you understand the tax rules, so you report them properly.
NFT CREATORS AND COLLECTORS
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Crypto CGT – Get clear guidance on correctly reporting any profits on your NFT gains to stay compliant with the UK’s tax regulations.
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NFT tax advice – Whether you’re minting NFTs or flipping digital art, we’ll show you how it affects your taxes, so there are no year-end surprises on your tax bill.
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DeFi and staking – If you’re using NFTs in DeFi platforms or staking them for rewards, our experts will explain the tax implications to keep you prepared.
CRYPTO MINERS
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Mining and airdrops – Mining rewards are treated as income, and record-keeping is key. We’ll help you report your mining earnings and manage your tax responsibilities.
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DeFi and staking – If you’re staking your mined coins or getting involved in DeFi, we’ll provide the clarity you need to avoid overpaying tax on your rewards.
INDIVIDUALS RECEIVING AIRDROPS
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Crypto income tax advice – Airdropped tokens are typically treated as income by HMRC. Your expert will walk you through how to declare them properly and pay correctly.
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Mining and airdrops – Each airdrop is taxed differently depending on value and timing. Get specialised advice on handling these unique assets and pay only what’s necessary.
HIGH NET-WORTH INDIVIDUALS
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Crypto CGT advice – With a large portfolio, your CGT needs to be optimised. We’ll help you structure your investments efficiently and reduce your tax burden.
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Crypto income tax advice – If you’re earning significant income through staking, lending, or other crypto activities, we’ll make sure you minimise income tax.
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HMRC crypto investigations – With high-value crypto dealings, HMRC might take a closer look. We’ll help you prepare for and manage any inquiries so you’re watertight.
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Crypto and inheritance tax – Planning for the future? We’ll help you incorporate crypto assets into estate planning and manage inheritance tax liabilities.
EXPATS AND NON-RESIDENTS
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Crypto income tax advice – Living abroad doesn’t exempt you from UK crypto tax. We’ll advise on how UK tax rules apply to your crypto earnings so you don’t overpay.
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HMRC crypto investigations – If your crypto dealings span multiple countries, HMRC could get involved. Let us guide you through this so you stay compliant.
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Non-domicile tax advice – As a non-dom, you have unique tax considerations when managing your UK crypto tax obligations.
THOSE SEEKING CLARITY ON CRYPTO TAX
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Crypto CGT advice – Whether you’re new to crypto or have been investing for years, get clear, practical advice on managing your CGT on crypto assets.
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Crypto income tax advice – From staking to trading NFTs, there are many ways to earn income in the crypto world. Let’s see how we can reduce your liabilities.
BUSINESS CRYPTO TAX SERVICES
We also offer businesses in and outside of the UK a wide range of corporate crypto tax services to improve their bottom line and reduce tax liabilities.
CRYPTO STARTUPS / SMEs
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Crypto payments and VAT – We’ll guide you through crypto-related VAT so you can charge the right amount and avoid penalties, helping you focus on growing your business.
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Compliance and reporting – We’ll help you streamline your crypto tax reporting so you’re always up to date on your books and never miss a deadline.
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Payroll and employment taxes – Crypto pay complicates payroll taxes. We’ll simplify the process so everything is correctly taxed and you can scale your business.
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Corporation tax – Efficiently manage and report your crypto holdings for corporation tax purposes, helping you save money and reinvest back into your business.
ESTABLISHED CRYPTO BUSINESSES
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Corporation tax – Get expert advice on ensuring your holdings are correctly valued, reported, and taxed in a way that optimises your financial position.
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International crypto tax – Cross-border crypto tax can become a headache. Stay compliant and minimise your tax burden to focus on global expansion.
EXCHANGES AND TRADING PLATFORMS
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Crypto trading and investment – Understand the tax obligations for trading profits and investments so you’re always paying the right amount and staying compliant.
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Compliance and reporting – Get the guidance you need when handling large volumes of transactions so you avoid penalties and keep operations running smoothly.
BLOCKCHAIN AND DEFI COMPANIES
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Crypto trading and investment – If your blockchain or DeFi company is investing in crypto, we’ll help you structure your investments efficiently so you can reinvest more.
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International crypto tax – Operating across borders in the blockchain? Let’s make sure you meet all international tax requirements, so you can expand without tax problems.
NFT MARKETPLACES
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Crypto payments and VAT – NFT transactions and crypto payments have various VAT rules that you need to understand to stay compliant.
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Compliance and reporting – Large-scale mining operations can lead to complex tax filings. Let us guide you through your income tax so you can continue mining accurately and compliantly.
BUSINESSES ACCEPTING CRYPTO PAYMENTS
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Payments and VAT – Accepting crypto is great for modernising your business, but you must know you’re applying VAT properly and staying compliant.
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Compliance and reporting – Accepting crypto comes with additional tax responsibilities. Let us help you meet all reporting obligations so you don’t face unwanted surprises.
WHY CHOOSE TAX NATIVES FOR CRYPTO TAX ADVICE IN THE UK?
Crypto is a powerful way to build wealth, but without expert tax advice, you could lose money to unnecessary taxes or fines.
Don’t risk it – get the right guidance now. Here’s why you should choose Tax Natives for your UK crypto tax advice.
1. CRYPTO-SPECIALISTED EXPERTISE
Connect with a network of top-tier advisors who are experts in UK crypto law, helping you stay compliant and with more of your profits.
2. PERSONALISED AND PROACTIVE ADVICE
Get matched with the perfect advisor for your needs. Get tailored, forward-thinking tax strategies that protect your gains.
3. TRANSPARENT AND AFFORDABLE PRICING
No surprises, no hidden fees. Choose the advisor that fits your budget and get the clarity you need to take control of your crypto taxes.
UNLOCK YOUR CRYPTO POTENTIAL IN THE UK
Struggling with managing your crypto taxes? We’ll help you maximise your profits and keep your tax bill low.
Our advisors are ready to give you the guidance you need to stay fully compliant and well away from costly errors.
Whether you’re looking to master the UK’s tax rules or just avoid overpaying, Tax Natives has you covered. Don’t wait – unlock your crypto potential in the UK now!
EXPAND YOUR REACH AND GROW YOUR EXPERTISE IN CRYPTO
Are you looking to connect with clients and businesses needing UK crypto tax advice? Join the global network of tax experts at Tax Natives for direct access to specialised crypto clients. Establish yourself as a leader in the crypto tax space and expand your reach like never before.
If you’re any of the following, our network is the perfect place to grow your client base and expertise:
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Tax advisors and accountants looking to expand services
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Lawyers advising on crypto-related matters
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Financial advisors navigating crypto tax
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Crypto tax consultants seeking collaboration
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Accounting firms boosting their crypto tax expertise
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Boutique tax firms specialising in crypto tax
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Professionals aiming to deepen their knowledge
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Anyone looking to grow their network
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Individuals interested in cross-border collaboration
Take your practice to the next level – join today!
GET YOUR OWN CRYPTO TAX ADVICE IN THE UK NOW
Get personalised UK crypto tax advice today. Contact Tax Natives and connect with a top-tier UK crypto tax advisor.
Begin with our simple online form, and we’ll be with you as soon as possible.
Tax experts in the region
How Tax Natives works.
Tax Natives is an international tax network that connects Explorers (taxpayer clients) with Natives (qualified and regulated tax advisers) from one jurisdiction to another.
Ask a question to get startedSTEP ONE
Select the 'Ask a question button located on the top of each page and follow through the process to compose your question
STEP TWO
Once your question is confirmed and your account is set up, navigate to your user dashboard to view the message exchange between you and your Tax Native.
STEP THREE
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UK Crypto Tax FAQs
Is crypto taxed in the UK?
Yes, crypto is taxed in the UK. Capital Gains Tax applies when you sell, trade, or dispose of crypto assets, at 10% to 20%, depending on your income. Corporation tax applies to profits from business crypto activities, too, at 25%.
What are the VAT implications for crypto transactions in the UK?
VAT may apply to certain crypto-related transactions, like when goods and services are sold in exchange for cryptocurrency. However, the exchange of cryptocurrency itself is exempt from VAT.
How do I ensure my crypto business complies with FCA regulations?
To comply with the Financial Conduct Authority (FCA) guidelines, you should register for Anti-Money Laundering (AML) supervision and adhere to strict reporting requirements to comply with UK law.
What are the tax implications for UK expats holding crypto in the UK?
UK expats living abroad may still have tax obligations in the UK, especially if they are still considered UK tax residents. Holding crypto assets abroad can require dual reporting to both UK and foreign tax authorities.
How does Tax Natives ensure the quality of its crypto tax advisors?
Tax Natives thoroughly vet every advisor in our network to ensure they are experts in UK crypto tax and international tax planning. We only connect you with proven professionals who have a deep understanding of the crypto world.
Ready to conquer crypto tax?
Got some questions? Get in touch with a member of our team about your unique crypto tax situation, and we’ll find you a fully regulated, insured expert to help
No matter if you’re a newcomer to the crypto space, a casual investor, or a business owner, we’ve got your back surrounding all things crypto tax advice – Get in touch today.
MEMBERSHIP LEVELS —
What are the membership types available?
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The Curator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.
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The Creator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.
Adviser Native
£65 / month
The Adviser is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.
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Become a curator
TAX NATIVES: CURATOR — CuratorThe Curator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives. |
Become a creator
TAX NATIVES: CREATOR — CreatorThe Creator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives. However, the Creator has additional responsibilities. They commit to their other Natives that they will produce at least one piece of quality content each quarter – whether an article, video or other valuable content. There are multiple Creator memberships available for each jurisdiction. Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee. |
Become an adviser
TAX NATIVES: ADVISOR — AdviserThe Adviser is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives. The Adviser Native is a care-free soul and has made no other commitments to his fellow Tax Natives to generate content or curate a jurisdictional page. That's cool. However, the Adviser will be eligible to pay the full monthly membership fee. |
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|---|---|---|---|
| Initial admin fee | £250 Free | £250 Free | £250 Free |
| Minimum membership term | 12 months | 12 months | 12 months |
Article contentCreator and Curators must create at least one piece of original, quality-approved content each quarter. |
No | YesCreator and Curators must create at least one piece of original, quality-approved content each quarter. |
No |
| Managing and updating your jurisdiction page |
Yes |
No |
No |
NATIVE
FREE
Read moreTAX NATIVES: CURATOR —
Curator
The Curator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.
However, the Curator has additional responsibilities. They are tasked with the responsibility of managing and updating one of the jurisdiction pages.
There is only one Curator membership available for each jurisdiction.
Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee.
| Initial admin fee | £250 Free |
| Minimum membership term | 12 months |
Article contentCreator and Curators must create at least one piece of original, quality-approved content each quarter. |
No |
| Managing and updating your jurisdiction page | Yes |
FREE
Read moreTAX NATIVES: CREATOR —
Creator
The Creator is a fully-fledged member of the Tax Natives team. As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.
However, the Creator has additional responsibilities. They commit to their other Natives that they will produce at least one piece of quality content each quarter – whether an article, video or other valuable content.
There are multiple Creator memberships available for each jurisdiction. Where a Curator fulfils their commitments then they receive a 100% discount against their monthly membership fee.
| Initial admin fee | £250 Free |
| Minimum membership term | 12 months |
Content creationCreator and Curators must create at least one piece of original, quality-approved content each quarter. |
YesCreator and Curators must create at least one piece of original, quality-approved content each quarter. |
| Managing and updating your jurisdiction page | No |
£65 / month
Read moreTAX NATIVES: ADVISOR —
Adviser
The Adviser is a fully-fledged member of the Tax Natives team.
As such, they are capable of making introductions to other Tax Natives and are also able to take leads from their fellow Natives.
The Adviser Native is a care-free soul and has made no other commitments to his fellow Tax Natives to generate content or curate a jurisdictional page.
That's cool.
However, the Adviser will be eligible to pay the full monthly membership fee.
| Initial admin fee | £250 Free |
| Minimum membership term | 12 months |
Content creationCreator and Curators must create at least one piece of original, quality-approved content each quarter. |
No |
| Managing and updating your jurisdiction page | No |
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