Cryptocurrency holders warned about new rules to unmask anyone dodging tax

People who are unsure about their tax obligations can check if they need to pay tax when they receive or sell crypto on gov.uk (picture posed by model/Dominic Lipinski/PA) - (PA Archive)

Cryptocurrency holders are being warned by HM Revenue and Customs (HMRC) that new reporting requirements will help to unmask those trying to evade tax due on their profits.

From January 2026, people who own crypto, such as Bitcoin, Ethereum or Dogecoin, must give personal details to each crypto service provider they use to make sure they are paying the right tax.