Topic
tax
4 stories
HMRC's first dedicated crypto tax box: 17,600 filers, £1.38bn in gains, 240 millionaires
HMRC's first year of dedicated crypto reporting shows 17,600 people declared £1.38 billion in taxable gains for 2024-25, with 240 of them clearing £1 million each.
HMRC breaks out crypto gains for the first time: 17,600 taxpayers, £1.38bn, and 240 people holding half of it
HMRC's first standalone crypto figures show 17,600 UK taxpayers declared £1.38bn in taxable gains for the year to 5 April 2025, with 240 people accounting for £717m of it.
UK Defers Capital Gains Tax on Crypto Lending and Liquidity Pools From April 2027
HM Revenue & Customs will treat crypto lending and liquidity-pool deposits as "no gain, no loss," deferring Capital Gains Tax until an economic disposal, from 6 April 2027.
Illinois passes a 0.2% crypto transaction tax; CFTC chair calls it planning "from an ivory tower"
CFTC Chair Michael Selig publicly attacked Illinois over its new 0.2% tax on crypto transactions, which was signed into law last month and takes effect in January 2027.