One thought on “Do I need to pay tax on my bitcoin / crypto profits, and if so when, and which tax?

  1. Arti says:

    This will likely lead to lower financial penalties (if due) and may also reduce how far back the disclosure covers. In short, the answer is yes. it’s always preferable to make a voluntary disclosure to HMRC to correct errors or omissions rather than wait for HMRC to make contact. It will depend on your personal circumstances. If you receive cryptoassets from your employer as a payment for services performed in the UK, it’s clear that this counts as earnings and income tax and NIC will apply based on the value of what you receive.

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