Insights, guides, and updates on crypto tax compliance
Why a simple CGT exemption for stablecoins falls apart in DeFi, and why our six-firm coalition response to HMRC's Call for Evidence proposes a No Gain, No Loss framework instead.
Most UK individual investors can make £3,000 of capital gains in the 2026/27 tax year before any capital gains tax is due, and that allowance covers crypto alongside every other asset they own. This guide explains what counts towards the £3,000, the other allowances crypto investors can use, and the reporting traps that catch people who assume "under the allowance" means "nothing to do".
There is no public confirmation that Luno routinely reports UK customer data to HMRC, but that is not the whole story. HMRC can request exchange data under its statutory powers, and from 1 January 2026 the UK's Cryptoasset Reporting Framework requires in-scope providers to report customer data annually, with the first reports due by 31 May 2027. Whether and where Luno reports has not been publicly confirmed. Meanwhile, Luno has published a wind-down timetable for customers in regions it will no longer serve, ending with account closure on 1 September 2026; its public guidance does not name the affected regions, so check the notice Luno sent you. Here is what HMRC can see, where Luno stands with UK regulators, what the wind-down means for your tax, and the records to save before self-service access ends.
Nexo has not publicly confirmed a reporting arrangement with HMRC, and where it reports under the Cryptoasset Reporting Framework depends on which Nexo entity serves you, something its public materials do not yet make clear. UK users should still assume their activity can become visible to HMRC from 2027, and the tax deserves at least as much attention: interest is generally income, borrowing needs its terms examined, and liquidations are disposals.
Revolut's UK crypto services are provided by Revolut Ltd, a UK-incorporated firm on the FCA's cryptoasset register. Under the UK's Cryptoasset Reporting Framework, that makes it a UK reporting cryptoasset service provider: it must collect customer and transaction data and report it to HMRC annually. This guide explains what is reported, when HMRC receives it, and what to do if you have gains or income you have not declared.
Bitpanda Pro no longer exists under that name: it became One Trading, a separate Dutch exchange, in 2023, while Bitpanda serves UK customers through its own UK-incorporated firm. Who reports your data to HMRC depends on which company you actually used and when. Pre-2026 Bitpanda Pro trades are not swept into the new reporting framework, but any gains or income from them still had to be declared. This guide explains the entity split, where your records live, and how each company's reporting reaches HMRC from 2026.
Gemini is a reporting cryptoasset service provider, and HMRC can obtain data about your Gemini activity through its existing information powers and, from 2026, routinely under the Cryptoasset Reporting Framework. Gemini also closed all UK customer accounts on 6 April 2026, so if you did not save your records first, the practical question is how to get them back and square up your tax. This guide explains what HMRC can see, what CARF changes, and what to do next.
It depends which Bybit you mean. Since December 2025 there have effectively been two: Bybit's UK platform, made available under an Archax-approved financial-promotion arrangement and offering spot and P2P trading; and the older global Bybit platform, a Dubai-based offshore venue from a UK user's perspective, which most UK users have traded on. Bybit itself is not FCA-authorised. Assume HMRC can obtain or receive Bybit-related data either way: UK-side activity is the kind CARF's rules are designed to capture, and the global platform is reachable through UK on and off-ramp records, HMRC's information powers against UK-connected data holders, and international exchange, including CARF where the overseas provider is in scope. Here is what that means and how to get your tax right.
There is no public evidence that Poloniex currently sends HMRC a routine direct feed. However, it is not beyond HMRC's reach: activity may be visible through UK banks and other exchanges, existing information-exchange channels and, where the relevant provider is in scope, the Cryptoasset Reporting Framework. Poloniex is also on the FCA warning list, and older accounts can contain spot trades, historic lending returns, staking rewards and margin activity that are easy to misreport. Here is what HMRC can realistically see, how those transactions may be taxed and what to do if you are behind.
From 1 January 2026, UK-based reporting cryptoasset service providers began collecting users' identity and transaction details under the Cryptoasset Reporting Framework, including a tax identification number such as a National Insurance number or UTR. The first reports covering 2026 are due to HMRC by 31 May 2027. The underlying requirement is genuine, although scammers may imitate these requests, so always respond through the provider's official app or website. Providing your details does not itself create a tax bill, but it makes it easier for HMRC to compare reported activity with your tax record.
Yes, in effect. Coinpass is a UK-based exchange and OTC brokerage that is registered with the FCA and now majority-owned by OANDA, a regulated global broker, so it is firmly inside the UK system rather than an offshore venue. From 2026 the Cryptoasset Reporting Framework is expected to bring UK cryptoasset providers into direct reporting to HMRC, and an FCA-registered UK firm is exactly the kind of business that captures. Coinpass is also built for serious and business traders, so its OTC and large block trades tend to produce big single disposals for capital gains tax. Here is what HMRC can see, where Coinpass sits with regulators, how its trades are taxed, and what to do if you are behind.
Crypto exposes the limits of Capital Gains Tax processes
Indirectly, yes. SwissBorg is a Swiss-founded wealth app whose European arm is now authorised as a Crypto-Asset Service Provider (CASP) under MiCA, so it is not an offshore venue, and from 2026 the kind of provider it operates may fall within the Cryptoasset Reporting Framework that feeds customer data to HMRC. SwissBorg is also different from the exchanges people usually ask about: it is built around yield. The payouts from SwissBorg Earn are generally income, taxed when you receive them, and every in-app swap is a disposal for capital gains tax, even though the app feels like a savings account. Here is what HMRC can see, where SwissBorg sits with regulators, why its yield features are so easy to misreport, and what to do if you are behind.
Yes, increasingly. Bitstamp is one of the oldest crypto exchanges, it is FCA-registered in the UK through Bitstamp UK Ltd, and in June 2025 it was bought by Robinhood, so it sits firmly among the compliant, UK-facing platforms rather than the offshore ones. From 2026 it is squarely in scope of the Cryptoasset Reporting Framework that feeds customer data to HMRC. The twist with Bitstamp is its age: a long-standing account can hold well over a decade of trades, often across pounds, euros and dollars, and reconstructing that history is where the tax work really lies. Here is what HMRC will receive, where Bitstamp stands with regulators, why its long history is easy to get wrong, and what to do if you have undeclared gains.
Indirectly, yes. Strike is a Bitcoin payments app that now operates in the UK, so it is not an offshore venue, and from 2026 the type of cryptoasset service provider Strike operates is expected to fall within the UK's Cryptoasset Reporting Framework regime, which feeds customer data to HMRC. Strike is also different from the exchanges people usually ask about: it is built for using Bitcoin as money, and every time you spend Bitcoin or send it to someone, that is generally a disposal for capital gains tax, even though it feels like a payment. Here is what HMRC can see, where Strike sits with UK regulators, why Bitcoin payments are so easy to misreport, and what to do if you have undeclared gains.
Indirectly, yes. Uphold is an FCA-registered platform that operates in the UK, so it is not an offshore venue trying to stay out of view, and from 2026 it falls squarely inside the Cryptoasset Reporting Framework that requires UK-facing platforms to report customer data to HMRC. Uphold is also unusual: it is a multi-asset platform where you can swap cryptoassets, fiat currencies and stablecoins directly against each other, and every one of those swaps that involves crypto is a disposal for tax. Here is what HMRC will receive, where Uphold stands with regulators, why its anything-to-anything model is so easy to misreport, and what to do if you have undeclared gains.
Showing 15 of 170 articles
Most UK individual investors can make £3,000 of capital gains in the 2026/27 tax year before any capital gains tax is due, and that allowance covers crypto alongside every other asset they own. This guide explains what counts towards the £3,000, the other allowances crypto investors can use, and the reporting traps that catch people who assume "under the allowance" means "nothing to do".
There is no public confirmation that Luno routinely reports UK customer data to HMRC, but that is not the whole story. HMRC can request exchange data under its statutory powers, and from 1 January 2026 the UK's Cryptoasset Reporting Framework requires in-scope providers to report customer data annually, with the first reports due by 31 May 2027. Whether and where Luno reports has not been publicly confirmed. Meanwhile, Luno has published a wind-down timetable for customers in regions it will no longer serve, ending with account closure on 1 September 2026; its public guidance does not name the affected regions, so check the notice Luno sent you. Here is what HMRC can see, where Luno stands with UK regulators, what the wind-down means for your tax, and the records to save before self-service access ends.
Nexo has not publicly confirmed a reporting arrangement with HMRC, and where it reports under the Cryptoasset Reporting Framework depends on which Nexo entity serves you, something its public materials do not yet make clear. UK users should still assume their activity can become visible to HMRC from 2027, and the tax deserves at least as much attention: interest is generally income, borrowing needs its terms examined, and liquidations are disposals.
Revolut's UK crypto services are provided by Revolut Ltd, a UK-incorporated firm on the FCA's cryptoasset register. Under the UK's Cryptoasset Reporting Framework, that makes it a UK reporting cryptoasset service provider: it must collect customer and transaction data and report it to HMRC annually. This guide explains what is reported, when HMRC receives it, and what to do if you have gains or income you have not declared.
Bitpanda Pro no longer exists under that name: it became One Trading, a separate Dutch exchange, in 2023, while Bitpanda serves UK customers through its own UK-incorporated firm. Who reports your data to HMRC depends on which company you actually used and when. Pre-2026 Bitpanda Pro trades are not swept into the new reporting framework, but any gains or income from them still had to be declared. This guide explains the entity split, where your records live, and how each company's reporting reaches HMRC from 2026.
Gemini is a reporting cryptoasset service provider, and HMRC can obtain data about your Gemini activity through its existing information powers and, from 2026, routinely under the Cryptoasset Reporting Framework. Gemini also closed all UK customer accounts on 6 April 2026, so if you did not save your records first, the practical question is how to get them back and square up your tax. This guide explains what HMRC can see, what CARF changes, and what to do next.
It depends which Bybit you mean. Since December 2025 there have effectively been two: Bybit's UK platform, made available under an Archax-approved financial-promotion arrangement and offering spot and P2P trading; and the older global Bybit platform, a Dubai-based offshore venue from a UK user's perspective, which most UK users have traded on. Bybit itself is not FCA-authorised. Assume HMRC can obtain or receive Bybit-related data either way: UK-side activity is the kind CARF's rules are designed to capture, and the global platform is reachable through UK on and off-ramp records, HMRC's information powers against UK-connected data holders, and international exchange, including CARF where the overseas provider is in scope. Here is what that means and how to get your tax right.
There is no public evidence that Poloniex currently sends HMRC a routine direct feed. However, it is not beyond HMRC's reach: activity may be visible through UK banks and other exchanges, existing information-exchange channels and, where the relevant provider is in scope, the Cryptoasset Reporting Framework. Poloniex is also on the FCA warning list, and older accounts can contain spot trades, historic lending returns, staking rewards and margin activity that are easy to misreport. Here is what HMRC can realistically see, how those transactions may be taxed and what to do if you are behind.
From 1 January 2026, UK-based reporting cryptoasset service providers began collecting users' identity and transaction details under the Cryptoasset Reporting Framework, including a tax identification number such as a National Insurance number or UTR. The first reports covering 2026 are due to HMRC by 31 May 2027. The underlying requirement is genuine, although scammers may imitate these requests, so always respond through the provider's official app or website. Providing your details does not itself create a tax bill, but it makes it easier for HMRC to compare reported activity with your tax record.
Yes, in effect. Coinpass is a UK-based exchange and OTC brokerage that is registered with the FCA and now majority-owned by OANDA, a regulated global broker, so it is firmly inside the UK system rather than an offshore venue. From 2026 the Cryptoasset Reporting Framework is expected to bring UK cryptoasset providers into direct reporting to HMRC, and an FCA-registered UK firm is exactly the kind of business that captures. Coinpass is also built for serious and business traders, so its OTC and large block trades tend to produce big single disposals for capital gains tax. Here is what HMRC can see, where Coinpass sits with regulators, how its trades are taxed, and what to do if you are behind.
Crypto exposes the limits of Capital Gains Tax processes
Indirectly, yes. SwissBorg is a Swiss-founded wealth app whose European arm is now authorised as a Crypto-Asset Service Provider (CASP) under MiCA, so it is not an offshore venue, and from 2026 the kind of provider it operates may fall within the Cryptoasset Reporting Framework that feeds customer data to HMRC. SwissBorg is also different from the exchanges people usually ask about: it is built around yield. The payouts from SwissBorg Earn are generally income, taxed when you receive them, and every in-app swap is a disposal for capital gains tax, even though the app feels like a savings account. Here is what HMRC can see, where SwissBorg sits with regulators, why its yield features are so easy to misreport, and what to do if you are behind.
Yes, increasingly. Bitstamp is one of the oldest crypto exchanges, it is FCA-registered in the UK through Bitstamp UK Ltd, and in June 2025 it was bought by Robinhood, so it sits firmly among the compliant, UK-facing platforms rather than the offshore ones. From 2026 it is squarely in scope of the Cryptoasset Reporting Framework that feeds customer data to HMRC. The twist with Bitstamp is its age: a long-standing account can hold well over a decade of trades, often across pounds, euros and dollars, and reconstructing that history is where the tax work really lies. Here is what HMRC will receive, where Bitstamp stands with regulators, why its long history is easy to get wrong, and what to do if you have undeclared gains.
Indirectly, yes. Strike is a Bitcoin payments app that now operates in the UK, so it is not an offshore venue, and from 2026 the type of cryptoasset service provider Strike operates is expected to fall within the UK's Cryptoasset Reporting Framework regime, which feeds customer data to HMRC. Strike is also different from the exchanges people usually ask about: it is built for using Bitcoin as money, and every time you spend Bitcoin or send it to someone, that is generally a disposal for capital gains tax, even though it feels like a payment. Here is what HMRC can see, where Strike sits with UK regulators, why Bitcoin payments are so easy to misreport, and what to do if you have undeclared gains.
Indirectly, yes. Uphold is an FCA-registered platform that operates in the UK, so it is not an offshore venue trying to stay out of view, and from 2026 it falls squarely inside the Cryptoasset Reporting Framework that requires UK-facing platforms to report customer data to HMRC. Uphold is also unusual: it is a multi-asset platform where you can swap cryptoassets, fiat currencies and stablecoins directly against each other, and every one of those swaps that involves crypto is a disposal for tax. Here is what HMRC will receive, where Uphold stands with regulators, why its anything-to-anything model is so easy to misreport, and what to do if you have undeclared gains.
Showing 15 of 170 articles