Policy paper

Tax on cryptoassets

Find out how HMRC taxes cryptoassets (like cryptocurrency or bitcoin).

Documents

Cryptoassets Manual

Details

This manual sets out HMRC’s view of the appropriate tax treatment of cryptoassets, based on the law as it stands on the date of publication.

HMRC has published guidance for people who hold cryptoassets (or cryptocurrency as they are also known), explaining what taxes they may need to pay, and what records they need to keep.

HMRC has also published further information for businesses and companies about the tax treatment of cryptoasset transactions.

The tax policy may evolve as the sector develops.

As an individual, you should check if you need to pay tax when you:

Published 19 December 2018
Last updated 30 March 2021 + show all updates
  1. 'Cryptoassets: tax for individuals' and 'Cryptoassets: tax for business' attachments have been removed and replaced with the 'Cryptoassets Manual.'

  2. Information about the location of exchange tokens and how it affects tax liability has been added to 'Cryptoassets: tax for individuals'.

  3. When originally published in December 2018, this page contained guidance for individuals who hold cryptoassets, explaining what taxes they may need to pay, and what records they need to keep. HMRC has now published a second paper about the tax treatment of cryptoasset transactions involving businesses and companies.

  4. First published.