The new tax year officially began on April 6th, marking the start of fresh financial opportunities… and responsibilities! Whether you’re self-employed, a business owner, or an investor, now is the perfect time to review your finances and ensure you’re prepared for the year ahead.
Crypto Tax Reporting: What You Need to Know
If you’ve been trading or earning income in cryptocurrencies during the 2024/2025 tax year, it’s time to assess your tax obligations. HMRC treats crypto as a capital asset, meaning transactions like selling, trading, or gifting crypto could trigger Capital Gains Tax. Similarly, income earned through crypto (e.g., staking rewards or receiving salary in tokens) may be subject to Income Tax depending on the nature of the transaction.
Key changes this year include stricter reporting requirements for crypto transactions. HMRC now requires taxpayers to separately identify crypto-related gains and losses on their Self Assessment forms. This added scrutiny means keeping detailed records of all your crypto transactions is more important than ever.
Deadlines to Keep in Mind
Here are some important dates for Self Assessment taxpayers:
- 31 January 2026: File your online tax return for the 2024/25 tax year and pay any outstanding tax.
- 5 October 2025: Register for Self Assessment if you’re filing for the first time.
- 31 October 2025: Submit paper tax returns if not filing online.
Make Crypto Tax Reporting Simple
Whether you’re filing your tax return independently or with professional help, managing crypto taxes can be tricky. Since only you have access to your wallets and transaction data, using a reliable crypto tax service is essential. DeCrypto.tax simplifies the process by calculating gains and losses across wallets and exchanges, making your reporting hassle-free.
AQLO and DeCrypto.tax Affiliate Partnership
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