Crypto users forced to share account details with tax officials
The value of Bitcoin, which is often seen as a barometer of the entire industry, surged from about $93,500 (£69,500) a coin at the start of 2025 to a high of nearly $124,500 before falling below $90,000 by the end of the year.
Investors who bought when the value was lower and sold when it was higher are in line to pay taxes, but authorities have historically struggled to collect it, says Dawn Register, a tax dispute resolution partner at accountancy firm BDO.
“HMRC has been concerned for some time about high levels of non-compliance among crypto investors,” she says.
The new rules coming in will make it much harder for the crypto rich to hide any untaxed gains, giving the tax authorities much more information about crypto users and their…
