Do You Need To Pay Crypto Tax? Expert Reveals ‘Biggest’ Mistake Traders Make as HMRC Issues Warning

Key Takeaways HMRC has reminded U.K. crypto traders that profits exceeding the £3,000 annual capital gains tax allowance may be subject to tax. New reporting rules increase transparency from 2026. Many traders wrongly assume they don’t need to report crypto activity or fail to include all wallets and exchanges. British crypto traders could face unexpected tax bills if they fail to properly report their gains, experts have warned, after HM Revenue & Customs (HMRC) reminded traders that profits abo ...