Simplify Your HMRC Crypto Tax Filing with Tax My Crypto
Effortlessly file your HMRC crypto tax with accuracy and expert support from Tax My Crypto.
HMRC Crypto Tax Reporting
Understanding and complying with HMRC cryptocurrency tax regulations can be complex. At TaxMyCrypto.io, we specialize in providing accurate and comprehensive crypto tax reports that ensure full compliance with HM Revenue & Customs (HMRC). Whether you’re an individual investor, high-frequency trader, or involved in DeFi, NFTs, and staking, we simplify your crypto tax filing to help you avoid penalties.
To enhance our service, we’ve partnered with leading crypto tax software such as Koinly, CoinLedger, and CoinTracker. These integrations allow us to import your transaction data, review and categorize transactions, and generate fully HMRC-compliant tax reports.
Why Choose Tax My Crypto?
When it comes to crypto tax reporting, precision is just the beginning we focus on strategic optimization to maximize your benefits. Our team carefully documents every transaction, helping you leverage tax-efficient strategies while avoiding costly errors. Choose Tax My Crypto for expert guidance and peace of mind.
Fully HMRC-Compliant Crypto Tax Reports
We ensure accurate crypto tax calculations, following HMRC’s Capital Gains Tax (CGT) and Income Tax rules.
Transaction Review & Categorisation
Our experts review and categorise every crypto transaction, ensuring correct tax treatment.
Support for Capital Gains & Crypto Income Tax
We handle trading, staking, mining, airdrops, play-to-earn gaming, and NFT sales, ensuring accurate tax reporting.
Seamless Integration with Crypto Tax Software
We work with Koinly, CoinLedger, and CoinTracker for automated data import and accurate tax calculations.
Secure & Confidential
We use industry-leading encryption to protect your sensitive tax data.
HMRC Audit Support
We provide detailed transaction reports and tax summaries to support your filing in case of HMRC inquiries.
Our Services
1. HMRC Crypto Tax Reports
- Capital Gains Tax (CGT) Calculation: We calculate short-term and long-term gains based on HMRC’s section 104 pooling method for tax efficiency.
- Crypto Income Tax Reporting: We track earnings from staking, mining, NFT royalties, airdrops, and freelance crypto payments, ensuring accurate Income Tax reporting.
- HMRC Tax Report Generation: We generate fully HMRC-compliant reports, including capital gains summaries, crypto income statements, and self-assessment tax return support.
2. Integration with HMRC-Compatible Tax Software
- We integrate with crypto tax software like Koinly, which seamlessly connects with HMRC’s digital tax systems, making tax filing straightforward.
3. HMRC Audit Support & Tax Compliance Assistance
- If HMRC audits your crypto transactions, we provide detailed reports to support your filing and ensure compliance.
How It Works – HMRC Crypto Tax Filing Process
Step 1: Import Your Crypto Transactions
Connect your crypto wallets, exchanges, and DeFi platforms using crypto tax software like Koinly for automated transaction imports.
- Auto-Sync via API – Securely connect supported exchanges to auto-import transactions in real time.
- CSV/Excel File Upload – If API syncing isn’t available, export your transaction history and import it manually into Koinly.
Step 2: Review & Categorise Transactions
We review all imported transactions, categorising capital disposals, crypto income, and non-taxable transactions for accurate HMRC tax treatment.
- Accurate Classification – Ensure every transaction is correctly categorized for compliance and tax efficiency.
- Seamless Review – Identify errors and optimize reporting with expert verification.
Step 3: Generate HMRC Crypto Tax Reports
Using Koinly or similar software, we generate:
- Capital Gains Tax Report – A detailed breakdown of crypto disposals, gains, and losses, including tax allowances.
- Crypto Income Tax Report – Summarises staking rewards, airdrops, mining income, and NFT earnings.
Step 4: Submit Your Tax Return
Easily file your crypto tax return with accuracy and expert guidance.
- Use the reports to file your Self-Assessment tax return online.
- Submit them to your accountant for tax filing assistance.
FAQs – HMRC Crypto Tax Filing & Compliance
Yes. HMRC considers cryptocurrency as property, not currency. Most transactions are subject to Capital Gains Tax (CGT) or Income Tax, depending on the nature of the transaction.
Taxable crypto events include:
✔️ Selling crypto for GBP or any fiat currency
✔️ Swapping one cryptocurrency for another (e.g., BTC to ETH)
✔️ Using crypto to pay for goods/services
✔️ Earning crypto from mining, staking, airdrops, and NFTs
✔️ Selling NFTs or earning royalties
Yes. Non-taxable crypto transactions include:
✔️ Buying and holding crypto (without selling)
✔️ Transferring crypto between your own wallets
✔️ Receiving crypto as a gift (unless later sold, which is taxable)
Yes! We can submit your crypto tax return directly to HMRC for a hassle-free filing experience. Alternatively, you can file the tax return yourself using our reports or provide them to your accountant or tax advisor for professional assistance.
HMRC uses the Section 104 pooling method, where the average acquisition cost of crypto is calculated before determining the gain/loss.
Crypto income from staking, mining, or airdrops is taxed as income and must be reported in your Self-Assessment tax return.
Yes. Crypto losses can offset capital gains, reducing your overall CGT liability. If losses exceed gains, you can carry forward losses to future years.
Failing to report crypto taxes can lead to:
❌ Fines and penalties
❌ Interest on unpaid tax
❌ HMRC audits and potential legal action
No, TurboTax is for U.S. tax filing only. For UK crypto tax filing, we recommend HMRC’s Self-Assessment portal or using an accountant.
✅ Step 1: Connect your exchanges & wallets to Koinly or CoinLedger.
✅ Step 2: Let us review and categorise transactions.
✅ Step 3: Generate HMRC-compliant tax reports.
✅ Step 4: Submit directly to HMRC, self-file, or provide to an accountant.
Stay HMRC-Compliant with Tax My Crypto
We can file your crypto tax return directly with HMRC, or you can do it yourself using our detailed reports. You can also share your tax report with your accountant or tax advisor.
Contact us today and simplify your crypto tax filing with Tax My Crypto