HMRC: 240 UK Crypto Millionaires Paid Half of £1.38B CGT
The £1.38B is just the declared baseline. HMRC's real visibility arrives in 2027 when CARF platform-side reporting flows in and starts cross-checking Self Assessment returns.
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The £1.38B is just the declared baseline. HMRC's real visibility arrives in 2027 when CARF platform-side reporting flows in and starts cross-checking Self Assessment returns.
UK crypto tax just produced its first clean dataset, and the OECD's 2027 auto-reporting turns those nudge letters into the warm-up act for full cross-border surveillance.
The figure comes straight from HMRC filings, not surveys, which makes it the first auditable read on UK crypto wealth concentration rather than an estimate.
The first dedicated breakdown gives HMRC a compliance benchmark, while provider data due in 2027 will let it cross-check crypto tax disclosures.
HMRC's carve-out exempts disposals on eligible crypto loans and liquidity-pool entries from capital-gains tax, aligning DeFi with share-loan treatment and ending the asset-swap tax trap that has…
The "no gain, no loss" treatment, effective April 2027, gives UK DeFi and lending users a long runway to rebalance wallets before the tax man steps in.