Question 1

How many people reported crypto capital gains in the UK for 2024-25?

Accepted Answer

HMRC said 17,600 individuals declared taxable cryptoasset disposals, reporting £13.8 billion in proceeds and £1.38 billion in total gains.

Question 2

Why is this the first time HMRC has published crypto-specific figures?

Accepted Answer

The 2024-25 Self Assessment return was the first to include a dedicated section for cryptoasset disposals. Previously crypto was reported within the broader capital gains category, so no separate breakdown was available.

Question 3

When will HMRC start getting data directly from crypto exchanges?

Accepted Answer

Under the OECD's Cryptoasset Reporting Framework, HMRC expects to receive provider data in 2027, and from May 31, 2027 it is set to automatically obtain information on UK residents from exchanges in 52 jurisdictions.

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UK crypto gains sit with a young, male few, first HMRC data shows

One sharp brief.
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UHY Hacker Young

UK crypto gains sit with a young, male few, first HMRC data shows

One sharp brief.Every day.

One sharp brief.
Every day.