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UK Crypto TAX DEADLINE in DAYS! ? [GUIDE \u0026 FREE TAX SOFTWARE]If you meet the trading threshold, net profits will be subject to income tax at 20%, 40% and 45% (based on the tax bracket your income falls. UK: HMRC is clear that crypto miners in the UK will pay Income Tax upon receipt of mining rewards, and Capital Gains Tax on any gain if they later sell, swap. Mining rewards are tax-free when the total yearly income is below ?12, Any future sale of mining rewards is subject to Capital Gains Tax, based on the difference in value between the time of receipt and sale.