If you bought and sold, and there is a profit trail going through your bank account, then best to declare each tax year. (The HMRC will happily collect any tax retrospectively from years ago)jamesedwards wrote: ↑Fri Apr 01, 2022 9:52 pmOut of interest who declares their Crypto profits to HMRC? I have some modest profits this tax year but well below the threshold for capital gains tax.
I'm in two minds whether to declare the profit on my Self Assessment to remain squeaky clean, or whether declaring that I am dabbling in Crypto might generate unwanted attention.
Views?
If they remain untouched and are held in a crypto wallet, probably best not to bring attention to it.
On balance, a good accountant that understands the whole subject, is the best way forward.