Adam Smith

Thank you for your reply. A follow on question related to the same topic. Is my understanding correct I can earn up to 1000 pounds from crypto staking and this would be classified as miscellaneous income?

I live with my mum and live off my savings from a Share ISA account and Cash ISA account. I have some crypto currency and I am well within my CGT allowance. I have received approximately £15 from crypto staking since 06.04.2024, this has now stopped. After reading the crypto manual this £15 would come under miscellaneous income and income tax. Is this correct? Do I need to report this £15 to HMRC? I have no other income apart from what I withdraw from my ISA's. Thank you in advance.