It is crucial for individuals and businesses operating in the Cryptocurrency space to understand exactly which Cryptocurrency transactions are taxable. Whether it’s Cryptocurrency received as employment income, mining rewards, buying and selling tokens, exchanging Cryptocurrencies, using them for payments, or giving them as gifts, each transaction may have tax implications.
Changes are coming for anyone that pays Income Tax via Self-Assessment. Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) will be a requirement for anyone with a business and/or property income of more than £50,000 per year, from April 2026.
With Bitcoin and cryptocurrency featuring more prominently in the news of late, people are inevitably curious to understand more about these investments and specifically the tax consequences. One misconception is that profits are