Can a UK Business Claim VAT on ASIC Miners and Electricity?
A careful UK guide to input VAT on ASIC miners, electricity, hosting and repairs, including mining rewards, taxable supplies and apportionment.
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UK Crypto Tax Changes for 2026: What Miners Need to Know
The key 2026 UK crypto tax developments for miners: current CGT rates, the £3,000 exemption, CARF reporting and records to prepare now.
The most important operational change in 2026 is wider cryptoasset data reporting, alongside the current 18% and 24% CGT rates and £3,000 individual annual exempt amount.
TL;DR
- The most important operational change in 2026 is wider cryptoasset data reporting, alongside the current 18% and 24% CGT rates and £3,000 individual annual exempt amount.
- Keep contemporaneous GBP valuations and evidence for income, acquisitions and disposals.
- Use current HMRC guidance and obtain qualified advice for the facts of your operation.
Current 2026/27 gains rates
The official rates for gains on assets other than residential property are 18% within the available basic-rate band and 24% above it. The individual annual exempt amount remains £3,000.
CARF began on 1 January 2026
UK-based in-scope reporting cryptoasset service providers must perform due diligence and keep records from 1 January 2026. The first reports for the 2026 calendar year are due by 31 May 2027.
What CARF means for users
Users may be asked for identifying and tax-residence information. Reported transaction data does not determine the tax result and does not replace Self Assessment. Reconcile it against self-custody and mining-pool records.
What has not changed
Tax still follows the actual transaction and rights. Mining rewards can be income, retained tokens can later produce gains or losses and token-to-token swaps can be disposals.
A 2026 readiness checklist
Export pool and exchange data, map wallets, document GBP valuation methods, reconcile opening pools, identify missing years, update adviser instructions and retain evidence of any platform due-diligence responses.
Useful next steps
Authoritative references
Use current official guidance because tax rules and HMRC guidance can change.
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