How crypto is taxed in the UK
HMRC taxes crypto in two ways. Disposing of it, whether by selling for pounds, exchanging it for a different type of cryptoasset, using it to pay for something or giving it away, can create a gain for Capital Gains Tax. Receiving it from mining, staking, lending or liquidity pool arrangements, or from an employer, is taxed as income, valued in pounds sterling when you receive it. Both belong on your Self Assessment tax return, which has had a separate cryptoasset section since the 2024/25 return.
For 2025/26, gains above the £3,000 annual exempt amount are taxed at 18% where they fall within your basic rate band and 24% above it. The online return and the tax are due by 31 January 2027. Sources: HMRC guidance on selling cryptoassets and receiving cryptoassets.
What is included for £298
- A Koinly licence covering up to 25,000 cryptoasset transactions for the tax year.
- Capital gains calculated across all your exchanges and wallets, with HMRC's same-day, 30-day and pooling rules applied.
- Staking, mining and lending rewards valued in pounds sterling and reported as income.
- The £3,000 annual exempt amount applied before Capital Gains Tax.
- Your full Self Assessment return prepared by an ACCA or AAT qualified accountant and filed with HMRC after you approve it.
Why the matching rules matter
You cannot simply match a sale with the tokens you bought first. HMRC matches a disposal with tokens of the same type bought on the same day, then with tokens bought in the following 30 days, and only then with the average cost of your remaining holding. With many trades across several exchanges, applying that order by hand is slow and easy to get wrong, which is why the service brings every transaction into Koinly before your accountant works out the gains.
A fixed price
The service is £298 plus VAT for up to 25,000 transactions. If you are not sure whether your activity fits, book a free consultation first. For the rules in more depth, read our guide to crypto tax in the UK or see our crypto tax accountants page. The key dates for 2025/26 returns are on our Self Assessment deadline guide.