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UK Crypto Tax Reveals Big Gains | Bitcoin and Crypto News

UK Crypto Tax Reveals Big Gains | Bitcoin and Crypto News

Published 1 week ago
Description

UK tax authorities reveal crypto’s big winners: 240 taxpayers each earned over £1 million in digital asset gains, with 17,600 declaring a total of £1.38 billion. The average gain? £78,000 — and nearly 90% of filers were men. Starting 2027, HMRC will access real-time crypto platform data to crack down on underreporting, following an international agreement. Last year alone, compliance efforts added £168 million in crypto taxes — signaling a serious crackdown on the digital frontier.

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