Understanding HMRC’s Cryptoasset Reporting Framework

From 1st January 2026, the UK will begin enforcing the Cryptoasset Reporting Framework (CARF) – a global initiative designed to increase tax transparency and clamp down on unreported crypto activity. 

Cryptoasset service providers will be legally required to collect and report detailed information about their users and their transactions, including personal details and tax residency information. 

This framework is important to any individual who has bought, sold or received crypto in any form. If it hasn’t been reported to HMRC, an individual could be at risk of significant financial penalties. 

Read our full article on the Cryptoasset Reporting Framework and what this may mean for you or your clients here: LINK TO BE INCLUDED ONCE LIVE 

If you or your clients have any questions or concerns about CARF, please contact your local tax team.