Making Tax Digital for Crypto
Making Tax Digital (MTD) is fundamentally changing how you report income to HMRC. If you have qualifying income from self-employment or property above the mandatory threshold, new quarterly reporting requirements will apply to you. For crypto traders and those with crypto-related income, MTD adds a significant layer of compliance.
We help you navigate these changes by assessing whether MTD applies to your situation, setting up fully compliant systems, and ensuring your quarterly updates are filed correctly.
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Trusted by Clients for Crypto Tax Compliance
MTD Requirements for Crypto Income
New regulations require strict adherence to digital record-keeping standards for crypto assets. You must ensure your reporting processes meet the following criteria to remain compliant with HMRC.
Who MTD Affects
MTD for Income Tax applies to self employed individuals and landlords with qualifying income above thresholds. If you trade crypto as a business rather than as an investment, your crypto trading income may be qualifying income that triggers MTD requirements.
Quarterly Updates
MTD requires quarterly summaries of income and expenses through compatible software. For crypto businesses with high transaction volumes, this needs systems that can track and report your activity in the required format.
Digital Records
You must maintain digital records and use compatible software to submit to HMRC. Manual spreadsheets and paper records no longer meet requirements. Your systems need to produce the data HMRC expects.
Free Crypto Tax Consultation
During your free 20-minute crypto tax consultation, we will:
Review your crypto activity across exchanges, wallets, staking, and DeFi
Identify what needs to be reported to HMRC, including gains and taxable income
Explain how crypto tax reporting works and what’s required for your Self Assessment
Highlight potential risks or missed reporting obligations before HMRC flags them
Assess whether previous years need correcting and explain voluntary disclosure options
Outline how we calculate gains and income accurately, including HMRC cost basis rules
Select a Date & Time
Crypto on the Balance Sheet
Don’t let new reporting requirements disrupt your business. We offer a fully managed service to handle your MTD obligations, ensuring your systems are compatible and your quarterly updates are filed on time and accurately.
Assessment
We assess whether MTD applies to you based on your income sources and amounts. Not all crypto activity triggers MTD. We clarify your position so you know exactly what is required.
Setup
We set up MTD compatible systems that work with your crypto activity. Your crypto tax software integrates with accounting tools to produce the quarterly data HMRC requires.
Quarterly Submissions
We handle your quarterly updates so deadlines are met and data is accurate. You stay compliant without the hassle of learning new systems and requirements yourself.
Can HMRC See My Crypto?
Yes.
HMRC receives data from UK exchanges and can request information from overseas platforms under international agreements. They have issued thousands of nudge letters to crypto holders.
Assuming your activity is invisible is not a safe position. We help you stay compliant so HMRC enquiries are unlikely and easily resolved if they happen.
Not Reported Previous Years?
If you have crypto gains or income from previous years that should have been reported, we can help. Voluntary disclosure to HMRC typically results in lower penalties than waiting for them to contact you.
We prepare backdated returns, calculate what is owed and handle the disclosure process on your behalf.
How Crypto Tax Reporting Works
A simple, four-step process to get your taxes sorted.
Connect Data
Our software pulls transaction data directly from your exchanges and wallets securely.
Calculations
We reconcile disposals and apply HMRC matching rules to determine your exact gain/loss.
Review
A specialist accountant reviews the data for optimizations, reliefs, and accuracy.
Submission
We prepare and submit your Self Assessment tax return to HMRC on your behalf.
Our Promise To You
We combine modern efficiency with old-fashioned service. You get real accountants who know your name and understand your business.
RESPONSIVE SUPPORT
Real accountants, real answers. We don’t use impersonal ticketing systems, giving you direct access to the support you need.
Dedicated Accountant
You won’t be passed around a call centre. You get a dedicated accountant who understands your specific situation.
EXPERT TAX EFFICIENCY
We use our expertise to ensure your accounts are structured efficiently, checking for the allowances and reliefs relevant to you.
Clear advice in plain English
No jargon. Just practical, direct guidance so you always understand your financial position.
Frequently Asked Questions
Why Choose a Specialist Crypto Accountant?
General accountants often lack the tools and knowledge for cryptocurrency. They cannot pull blockchain data, apply crypto specific cost basis rules or advise on staking and DeFi treatment. Mistakes lead to overpaid tax or HMRC enquiries. Working with a specialist means accurate calculations, compliant reporting and confidence in your position.
Does MTD apply to crypto capital gains?
MTD for Income Tax covers trading income, not capital gains. If your crypto activity is investment based, MTD may not apply even if your gains are substantial. However, if HMRC views your activity as trading, the income is qualifying income for MTD.
When does MTD start?
MTD for Income Tax is being phased in from April 2026 for those with qualifying income over certain thresholds. Lower thresholds follow in subsequent years. We advise on timing based on your specific situation.
What if I miss a quarterly deadline?
Late submissions attract penalties under the new points based system. We track deadlines and submit on time so you avoid issues.