Top Crypto Tax Tools UK Review

The UK is treating cryptocurrency taxation more seriously since digital assets are now more popular. Bitcoin and Ethereum, among other cryptoassets, are viewed as property by Her Majesty’s Revenue and Customs (HMRC) and therefore are taxed as Capital Gains Tax (CGT) when they are sold, swapped or spent. The amount given for CGT in 2025/26 was £3,000 and people with varying incomes were taxed at rates starting from 18% and up to 24%.

Taxpayers have to report every crypto transaction they make, including those linked to DeFi, NFTs, staking and also any airdrops they get. A failure to disclose can lead to charges that may amount to twice the tax and also open the chance of criminal action .

Because of these complexities, more and more UK people are using crypto tax reporting software. Koinly and Recap have features that help by automatically tracking your transactions, integrating with various services and creating reports that follow HMRC rules, all of which simplify tax filings .

Key Tax Obligations for UK Crypto Users

Cryptocurrency trades in the UK are governed by certain tax rules from the HM Revenue & Customs (HMRC). Compliance is only possible when we understand our legal obligations.

The Capital Gains Tax.

You need to report and pay CGT if you make money from selling, trading or spending your cryptoassets. There is a CGT exemption of £3,000 for the 2024/25 tax year. Once your earnings are above the threshold, you pay 18% tax if you are a basic-rate taxpayer and 24% if you fall in the higher-rate tax group.

Income Tax

Mining, staking and airdrops result in earnings that are subject to taxes. Income Tax rates for such income can go from 20% up to 45% depending on how much money the individual makes.

Best Crypto Tax Software USA 2025

Keep a record of what happens and put it in a report.

Every crypto transaction must be recorded by HMRC with the date, amount and value in GBP. To finish your Self Assessment tax returns, you need accurate records, mainly for forms SA100 and SA108 .

Using crypto tax reporting software helps you maintain the correct information and comply with HMRC’s rules.

What to Look for in a UK Crypto Tax Tool

Choosing the right crypto tax tool is very important for UK residents who want to be in line with HMRC rules. Key things to think about are:

• Following HMRC: Design the software so reports meet HMRC rules, include the Capital Gains Summary and apply correct cost basis rules such as the Same-Day, 30-Day and Section 104 Pooling rules.

• GBP-Based Accounting: The tool should be setup to handle accounting in British Pounds as required by UK rules.

• Because Binance, Coinbase and Kraken are UK-friendly exchanges, you can use them to get your data into Sharesight.

• A good wallet should be compatible with dealing in assets from DeFi and NFTs.

• Having a simple interface with good data management tools helps make tax reporting simpler.

By using Koinly and Recap, you get help to complete your tax reports accurately and in a short time.

Best Crypto Tax Tools in the UK (2025 Review)

To file crypto taxes correctly in the UK, you need tools that agree with HMRC policies. This is a brief look at some of the best crypto tax software available by 2025:

Koinly

Koinly makes tax reports automatically, works with more than 800 integrations and produces reports that follow HMRC standards. You can monitor your portfolio in real time and use the app for DeFi and NFT transactions. The rate starts at £49/year and a free plan is offered as well.

CoinTracker

You can use CoinTracker with 500+ platforms; it automates capital gains calculations and directly connects with tax software. It includes a convenient interface for users and allows them to watch their positions in real time. The cost of transactions depends on how many are completed.

Recap

UK-based Recap is designed so that all your data is processed locally, instead of on their servers. It works with main exchanges, allows you to track all your holdings and produces reports that are ready for HMRC. A basic plan does not cost anything; prices for Pro plans begin at £99/year.

Cryptio

It handles portfolio management and tax reporting for exchanges and wallets. You can create and update reports that meet your needs on the site. Full information about pricing is included on their website.

CryptoTaxCalculator

The software manages many digital and DeFi transactions, provides automated categorization and reports that match HMRC requirements. Pricing costs £49 per year. Crypto Tax Reporting Software USA 2025

Before choosing crypto tax software, review its support for different systems, its compliance aspects and the prices to check that it fits your needs.

How to Choose the Right Tax Tool for You

How active you are in crypto, how much money you have and any need for assistance should help you choose the best UK crypto tax software. If you are active in DeFi, NFTs or trading cryptocurrencies, Koinly and KoinX give you comprehensive integration and supply all the reports needed by HMRC, plus support for share pooling and the 30-day rule. If privacy and local laws are your main concern, Recap could be enough for people who hold cryptocurrency long-term in a basic portfolio.

Pricing is different: you can get Koinly or KoinX from £49/year and Recap has a free option with plans starting at £99/year. Reviewing how much you would pay for features such as easy imports from banks and generating reports is very important. Check whether the software has strong customer support and supports group work, as this is useful for complicated filings.

Common Mistakes in UK Crypto Tax Filing

UK crypto investors tend to make mistakes that may result in fines from HMRC. One thing businesses can forget is to report every single transaction. No disposal, big or small, is permitted to remain unreported according to HMRC.

Some people also often exclude staking rewards from their reports. The tax authority (HMRC) considers winnings earned from staking to be subject to tax as either trading income or miscellaneous income.

using inaccurate conversion rates for money exchange creates concerns. Accounting for crypto gains and income is required in GBP at the market price when each transaction occurred by HMRC’s rules.

Use Koinly or Recap which comply with HMRC rules, to help with accurate tax reporting.

Conclusions

In future, UK people who invest in crypto will use tax tools required by HMRC. With many exchange connections and an easy interface, Koinly can be used by those who are new to trading as well as experienced traders. Recap which is based in the UK, gives importance to data privacy and comes with powerful features that handle local tax matters. Users with diverse DeFi and NFT interests will find CoinLedger very supportive.

Starting to prepare early makes sure your reports are correct and helps you comply with regulations. Still, even with the best UK tax software for crypto in 2025, problems are not completely prevented. A UK crypto tax advisor can give you personal advice to ensure you meet the rules set by HMRC.

Kindly note: We’re not affiliated with any product or company mentioned in this article; it is for educational purposes only. Thanks