Crypto bros being forced to pay fair share of tax
- New rules will help unmask anyone evading tax due on their crypto profits
- UK crypto holders must provide personal details to crypto service providers from January 2026 or face penalties of up to £300
- Aligns with government’s Plan for Change to ensure everyone pays their fair share of tax to fund vital public services
Public coffers are set for a boost as HM Revenue and Customs (HMRC) goes after crypto owners that aren’t paying their fair share of tax.
From January 2026, people who own crypto – like Bitcoin, Ethereum or Dogecoin – must give personal details to every crypto service provider they use to make sure they are paying the right tax.
Those who don’t comply risk a £300 fine from HMRC.
Once data is received from service…
