240 crypto millionaires revealed in new government data.
HMRC has published its first official statistics on taxable cryptoasset gains, reporting that 17,600 individuals declared £1.38 billion in gains for the 2024 to 2025 tax year. Under a new international framework, cryptoasset service providers will be required to report customer information to HMRC starting in 2027. Taxpayers must declare any income or gains above the tax-free allowance for the 2025 to 2026 tax year on their Self Assessment return by 31 January 2027.
Source: https://www.gov.uk/government/news/240-crypto-millionaires-revealed-in-new-government-data. Summarised automatically from the official source — general information, not advice.