Overview

• The framework requires service providers to record users’ names, addresses, dates of birth, tax residences, national insurance or tax reference numbers, and summaries of all crypto transactions from January 1, 2026.
• Individuals and platforms that fail to submit accurate or complete data face £300 penalties per missing or incorrect report.
• HMRC will cross-reference data from exchanges against taxpayers’ self-assessment filings to pinpoint under-reported cryptocurrency gains.
• The reporting rules align with OECD standards to strengthen international exchange of crypto transaction information.
• HMRC projects the framework could raise up to £315 million by April 2030 to fund frontline public services.