🇪🇺 Europe
Crypto & taxes in United Kingdom
- Capital gains tax rate
- 18% (basic rate) or 24% (higher rate) since 30/10/2024
- Annual exempt amount 2026/27
- £3,000 per person, not carried forward
- Income
- Staking, mining and airdrops generally taxed as income
- Reporting
- Self Assessment; Cryptoasset Reporting Framework (CARF) incoming
Crypto regulation
The UK is no longer in the EU: MiCA does not apply and a domestic regime led by the Financial Conduct Authority (FCA) is in place. Crypto firms must register with the FCA for AML purposes, and HM Treasury/FCA are rolling out a comprehensive regulatory regime for cryptoasset activities (authorisation, stablecoins, financial promotions).
Taxation
For individuals, disposing of crypto is subject to Capital Gains Tax: since 30 October 2024 the rates are 18% (within the basic-rate band) and 24% (above it). The Annual Exempt Amount is £3,000 for 2026/27; staking, mining, airdrops and crypto remuneration are generally taxed as income under HMRC rules.
Useful information
Track every disposal (sale, crypto-to-crypto, spending) and apply HMRC's average-cost pooling rule; report via Self Assessment. The Cryptoasset Reporting Framework (CARF) is being adopted for automatic exchange reporting.