Why Is Crypto Crashing Today? What UK Holders Should Know

The UK Tax Angle: What HMRC’s Crackdown Means for You

HMRC has recovered more than £8 million from 502 crypto investors who reached disclosure settlements over the 2024 to 2025 and 2025 to 2026 tax years, according to a Financial Times report cited by Cryptobriefing, with the same figure independently reported by Odaily. HMRC also issued around 65,000 compliance warning letters to suspected non compliant crypto holders in the 2024 to 2025 tax year, more than double the prior year, according to reporting citing HMRC data.

The UK is among the countries adopting the OECD’s Cryptoasset Reporting Framework (CARF), under which crypto service providers must supply customer identity and transaction information from January 2026, according to Grant Thornton. Tax treatment depends on individual circumstances and may be subject to change. Seek independent advice., under which crypto service providers must supply customer identity and transaction information from January 2026, according to Grant Thornton. Tax treatment depends on individual circumstances and may be subject to change. Seek independent advice.