The UK government has recorded a surge in declared crypto income: for the 2024–2025 tax year, around 17,600 people reported a combined profit of $1.9 billion from crypto assets. Out of those, 240 taxpayers each declared more than $1.4 million. That’s according to Cointelegraph, citing official government data.

Key Numbers from the Report

The published figures show that total declared profits from crypto asset transactions hit $1.9 billion for the 2024–2025 period. The report also highlights 240 individuals who each claimed over $1.4 million in income from crypto for that same tax year.

What the Declarations Reveal

The number of people reporting and the amounts involved show that crypto is a major part of private income for a chunk of UK taxpayers. The numbers give a sense of how profits are distributed—from thousands of regular filers to hundreds raking in seven figures.

Timeframe Covered

The report covers the 2024–2025 tax year and focuses on crypto-related income declared during that window. It doesn’t break down the income distribution beyond the headline numbers.