HMRC Reveals Crypto Gains: 17,600 Brits Declare £1.38B in Profits

On August 27, HMRC released its first standalone stats on taxable profits from cryptoasset transactions.

How much was declared?

For the 2024–2025 tax year, 17,600 people in the UK reported £1.38 billion in taxable profits from crypto trades.

HMRC's stance and the impact of guidance

HMRC stresses that profits from cryptoassets are taxed just like any other capital gains. According to the agency, targeted guidance and social media outreach helped taxpayers get a clearer handle on their obligations, bringing in an extra £168 million in declared capital gains.