Pay tax on cryptoassets
How to pay unpaid tax if you have income or gains from cryptoassets, and how long it takes for your payment to reach HMRC.
Before you make a payment, you need to tell HMRC about any unpaid tax on cryptoassets. We will send you a payment reference number that you can use to make a payment.
When to pay
You must pay the full amount you owe within 30 days of making your disclosure. If you do not, HMRC will take steps to recover the money.
If the deadline is on a weekend or bank holiday, make sure your payment reaches HMRC by the end of the previous working day.
If you do not pay by the deadline, you may need to pay a penalty, interest or both.
What you need
You need your 14-character reference number starting with X.
You can find this on the letter we sent you after you made your disclosure.
If you use an incorrect reference number, there will be a delay in the payment being allocated correctly.
Pay online
You can pay online using one of the following methods:
- approve a payment through your online bank account
- debit or corporate credit card
Paying online through your bank account
You can pay by approving a payment through your online bank account by selecting the ‘pay by bank account’ option.
You will be directed to sign in to your online or mobile banking account to approve your payment.
You will need to have your online banking details to hand to pay this way.
The payment is usually instant but can take up to 2 hours to show in your bank account.
Paying by debit or corporate credit card
You can make a full payment online using a debit or corporate credit card. There is a non-refundable fee if you use a corporate credit or debit card. You cannot pay by personal credit card.
Your payment will be accepted on the date you make it and not the date it reaches HMRC’s account (including weekends and bank holidays).
You must make sure the details you enter match those held by your bank or card provider. For example, the billing address should match the one your card is currently registered with.
Pay by bank transfer
If you pay by CHAPS (Clearing House Automated Payment System) or Faster Payments, your payment will be received on the same or next working day.
If you pay by Bacs (Bankers Automated Clearing System), allow 3 working days for the payment to reach HMRC.
We recommend you check your bank’s processing times and maximum transaction limits before you pay.
Account details to use if your account is in the UK
Use the following details to make a payment if your account is in the UK:
- sort code — 08 32 10
- account number — 12001020
- account name — HMRC Shipley
Account details to use if your account is overseas
Use the following details to make a payment if your account is overseas:
- account number (IBAN) — GB03 BARC 2011 4783 9776 92
- Business Identifier Code (BIC) — BARCGB22
- account name — HMRC Shipley
You must make all payments in pound sterling. Your bank may charge you if you use any other currency.
If needed, you can provide your bank with the following HMRC banking address:
Barclays Bank Plc
1 Churchill Place
London
United Kingdom
E14 5HP
After you’ve paid
We will write to you to let you know if we have accepted your disclosure, meaning the amount you have paid has cleared any unpaid tax you owed. The letter you received with your payment reference number on will have more information on the amount of time this may take.
If we have not accepted your disclosure, we will contact you to let you know the next steps.
If you cannot pay the full amount
You should make the full payment of what you owe when you make your disclosure.
If you cannot pay the full amount you owe, you must let us know as soon as you have your payment reference number. We may need to discuss and agree a new offer.
Telephone: 03000 55 22 94
Monday to Thursday, 9am to 5pm
Friday, 9am to 4:30pm
Find out about call charges.
To help us decide when you will need to pay the amount you owe, you need to tell us:
- your payment reference number
- how and when you think you will be able to pay what you owe
- what your current weekly or monthly income and outgoings are
- your assets (for example, your home, other property or land, vehicles, investments, money in the bank)
- anything you owe out (for example, mortgages, loans and credit cards)