New rules will make it harder for crypto investors to hide their gains from tax authorities. Crypto exchanges will also collect and report information to tax authorities about the tax residency of users. However, in circumstances where tax authorities consider buying and selling crypto assets to be “trading”, they can be subject to income tax and social insurance. The UK tax authority has taken several steps to crack down on tax evasion and avoidance involving crypto assets in recent years, including issuing guidance about when you need to pay tax when selling such assets. “Those who made crypto gains in the 2024-25 tax year may be required to file a tax return before January 31st, 2026,” Ms Register added.

Source: The Irish Times January 01, 2026 18:20 UTC