What The Latest UK Budget Means For Crypto Tax and DeFi Access
The UK’s latest Budget leaves headline crypto tax rules unchanged but tightens the wider environment for traders.
Meanwhile, HMRC signals a major rethink on how it taxes DeFi lending and liquidity provision.
Chancellor Rachel Reeves did not introduce any crypto-specific tax in the 2025 Budget. There is no new levy on trading, holding, or spending digital assets.
However, the Budget extends income-tax threshold freezes for three more years. As wages rise, more taxpayers drift into higher bands, including active crypto traders.
The capital gains tax (CGT) allowance remains very low compared to historic levels. That means more crypto disposals trigger reportable…
