UK tax authority data shows that 17,600 people reported gains from crypto assets in the 2024-2025 fiscal year, with total declared gains reaching $1.9 billion. Within that group, 240 individuals each reported more than £1 million, or about $1.4 million, in capital gains, for a combined total of about $975 million. James Murray, Exchequer Secretary to the Treasury, said gains from crypto assets should be taxed in the same way as other income. Under the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, the UK plans to require crypto-asset service providers to report relevant data. The tax authority had previously sent notices to more than 81,000 people suspected of owing tax.
Data from HM Revenue and Customs shows that 17,600 people reported gains from crypto assets in the 2024-2025 fiscal year, with total declared gains reaching $1.9 billion.
Of that group, 240 individuals each reported more than £1 million, or about $1.4 million, in capital gains. Their combined total was about $975 million.
James Murray, Exchequer Secretary to the Treasury, said gains from crypto assets should be taxed in the same way as other income. Under the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, the UK will require crypto-asset service providers to report related data.
The agency had previously sent notices to more than 81,000 people suspected of underpaying tax.
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