All countries
United Kingdom
Europe
Taxed as a self-employed sole trader on net profit at income-tax rates plus Class 2/4 NIC. Evaluation fees and trading costs are generally deductible.
How it's classified
Self-employment / trading income (sole trader profits) via Self Assessment — not capital gains.
Tax rate
After the £12,570 allowance: 20% basic, 40% higher, 45% additional (2025/26).
Social contributions
Class 4 NICs ~6% on profits £12,570–£50,270 and 2% above; Class 2 treatment above the small-profits threshold. £1,000 trading allowance for tiny amounts.
Registration / regime
Register as a self-employed sole trader and file Self Assessment (SA100 + SA103); register by 5 October after you start.
Crypto payouts
USDC is income at GBP value on the day received; a later disposal can be a separate CGT event.
Sources
General information only — this is not tax or legal advice. Rules change and depend on your situation. Always confirm with a qualified tax professional in your country.
Compare countriesProp firms based in United Kingdom
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