Cryptocurrency Tax Advice With Clarity and Confidence
Specialist UK cryptocurrency tax support for investors, traders, miners, NFT participants, DeFi users and businesses. We help you understand your tax position, reconstruct complex transaction histories, calculate taxable income and gains, and report your cryptoasset activity accurately to HMRC.
Crypto Transactions Can Create UK Tax Liabilities
Cryptoasset taxation can become complex when transactions involve multiple exchanges, private wallets, decentralised finance platforms, staking rewards, airdrops or high volumes of trading activity.
A transaction does not have to involve a withdrawal into pounds sterling before a UK tax consequence can arise.
Helping You Understand and Report Your Cryptoassets
At Odiri Tax Consultants & Accountants, we provide specialist cryptocurrency tax services for individuals and businesses throughout the UK and overseas.
We examine your transaction history, identify the relevant tax treatment and prepare calculations using records from exchanges, wallets and blockchain activity. Where earlier income or gains have not been declared, we can also advise on the appropriate route for correcting your UK tax position.
Our advice is tailored to your circumstances and supported by a clear explanation of the figures reported to HMRC.
- Capital Gains Tax calculations
- Income Tax calculations
- Transaction reconciliation
- Section 104 pooling
- Self Assessment returns
- Historic disclosures
- HMRC enquiry support
- Crypto tax planning
Comprehensive Support for Digital-Asset Taxation
From straightforward disposals to complex DeFi portfolios and historic disclosures, we provide practical support throughout the reporting process.
Crypto Capital Gains Tax
Calculation of gains and losses arising from sales, swaps, purchases made with cryptoassets, gifts and other disposals.
Crypto Income Tax
Advice on staking rewards, mining income, airdrops, lending returns, employment income and cryptoassets received by a business.
Transaction Reconciliation
Consolidation and review of records from exchanges, wallets, blockchains and crypto tax software to produce a reliable transaction history.
Self Assessment Returns
Preparation and submission of your UK tax return, including the relevant Capital Gains Tax, foreign income and additional information disclosures.
DeFi and Staking
Review of decentralised finance activity, liquidity pools, token rewards, lending, borrowing and other yield-generating arrangements.
NFT Tax Advice
Support for NFT investors, creators and traders, including income, gains, acquisition costs and disposal calculations.
Historic Tax Disclosures
Assistance with identifying and disclosing previously undeclared cryptoasset income and gains to HMRC.
HMRC Crypto Enquiries
Professional representation, transaction analysis and correspondence support where HMRC questions your cryptoasset reporting.
Crypto Loss Claims
Review of capital losses, failed projects, worthless tokens, lost access and potential negligible value claims where the relevant conditions are satisfied.
Business Crypto Accounting
Accounting and tax support for companies and businesses that receive, hold, issue or make payments using cryptoassets.
International Crypto Matters
Advice for internationally mobile individuals and clients holding digital assets through overseas exchanges and platforms.
Crypto Tax Health Checks
A structured review of previous calculations and tax returns to identify omissions, inconsistencies and potential exposure.
Crypto Transactions That May Have UK Tax Consequences
The applicable treatment depends on the nature of the activity and your individual or business circumstances.
Selling Cryptoassets
Selling tokens for pounds sterling or another fiat currency may create a chargeable gain or allowable loss.
Exchanging One Token for Another
A crypto-to-crypto exchange can constitute a disposal, even where no cash is withdrawn.
Spending Cryptoassets
Using tokens to purchase goods or services may create a disposal for Capital Gains Tax purposes.
Mining and Staking
Rewards may be taxable as income when received, with a further tax calculation potentially required when the tokens are later disposed of.
Airdrops and Token Rewards
The treatment depends on why the tokens were received and whether services or other activity were provided.
Gifting Cryptoassets
A gift may be treated as a disposal at market value, subject to specific rules and available exemptions.
Receiving Crypto as Payment
Cryptoassets received for employment, services or business activities may be taxable by reference to their sterling value.
Moving Tokens Between Your Wallets
A transfer between wallets that you continue to beneficially own will not normally be a disposal, although fees paid in tokens may need separate consideration.
Cryptocurrency Tax Support for Individuals and Businesses
Our services are tailored to the scale, complexity and nature of your digital-asset activity.
Crypto Investors
Occasional and long-term digital-asset investors.
Active Traders
Clients with high-volume exchange and wallet activity.
DeFi Participants
Users of lending, liquidity and decentralised platforms.
Miners and Stakers
Individuals receiving mining or network rewards.
NFT Creators
Artists, creators, investors and NFT traders.
Company Directors
Directors with personal or company cryptoasset activity.
Blockchain Businesses
Start-ups, technology companies and digital ventures.
Overseas Clients
International clients with potential UK reporting duties.
Have You Received a Letter From HMRC?
HMRC may contact taxpayers where information available to it suggests that cryptoasset income or gains may not have been reported correctly.
- Review the scope and wording of HMRC’s letter
- Reconstruct your exchange and wallet activity
- Calculate undeclared income, gains and losses
- Identify the relevant disclosure periods
- Prepare supporting schedules and explanations
- Communicate with HMRC on your behalf
Professional Support for Complex Cryptoasset Reporting
Cryptocurrency tax work requires more than importing a spreadsheet into tax software. The underlying transactions must be reviewed, classified and reconciled before reliable tax calculations can be prepared.
Specialist Tax Knowledge
Advice based on UK tax principles and HMRC’s published cryptoasset guidance.
Detailed Transaction Review
Exchange, wallet and blockchain data reviewed for omissions, duplicates and inconsistencies.
Clear Professional Explanations
Your calculations and reporting obligations are explained in understandable language.
HMRC Representation
Professional correspondence and representation where HMRC raises questions or opens an enquiry.
A Structured Route From Transaction Data to HMRC Reporting
Our process is designed to establish the facts, resolve data issues and produce supportable tax calculations.
Initial Assessment
Tell us about your cryptoasset activity, reporting history, exchanges, wallets and any HMRC correspondence.
Scope and Quotation
We assess the likely volume and complexity before providing a professional scope of work and quotation.
Reconciliation and Calculations
Your transaction data is reviewed and the relevant UK tax calculations and supporting schedules are prepared.
Review and Submission
We explain the outcome, obtain your approval and submit the required return, amendment or disclosure.
Maintaining Complete and Accurate Transaction Records
Reliable crypto tax calculations depend on complete records. Exchange summaries alone may not capture transfers, private wallets, decentralised transactions, fees or the sterling value of activity at the relevant time.
We can help identify missing information and reconcile data from multiple sources before your tax position is finalised.
Frequently Asked Questions
General information about common UK cryptocurrency tax and reporting issues.
Do I have to pay UK tax on cryptocurrency?
Is swapping one cryptocurrency for another taxable?
Is transferring crypto between my own wallets taxable?
How are staking and mining rewards taxed?
Can crypto losses reduce my tax?
What should I do if I have not reported earlier crypto gains?
Can you help if I have received an HMRC crypto letter?
Can you work with crypto tax software reports?
How much does your cryptocurrency tax service cost?
Take Control of Your Cryptocurrency Tax Position
Whether you need to report current cryptoasset activity, correct an earlier tax return or respond to HMRC, our team can provide structured, professional support.
