u/Dmg3392

Hi, I’ve looked around this sub and can’t seem to find the answer to my question so forgive me if somebody has already asked the question.

I have been receiving payments in crypto for the past year from various different people (no I’m not a drug dealer! :D) 99% has been in stable coins but now I’m wondering if I withdraw that money do I pay any tax on it? Also will HMRC ask me for proof that none of it is profit? I didn’t keep track of every transaction as there’s probably been 50+ over the space of a year.

Will coinbase only notify hmrc when there’s been a profit made?

Thanks