US EditionCrypto users forced to share account details with tax officials
HMRC aims to collect at least £300 million in unpaid taxes over five years by requiring crypto exchanges to report users' full transaction details starting January 2026.
- On January 1st, 2026, HM Revenue & Customs began requiring major cryptocurrency exchanges to collect full transaction records and automatically report them for all crypto users in the UK.
- Concerned about non-compliance, UK tax officials say joining CARF will give HM Revenue & Customs a richer dataset to better target UK tax residents suspected of under-declaring gains, ensuring payment of capital gains tax.
- As part of CARF, Ireland and Britain join the initial 48-country wave while 75 countries have committed, with exchanges reporting users' tax residency to authorities.
21 Articles
21 Articles
2025 UK Crypto Tax Shake-Up: Crypto Users Forced to Share Account Details with HMRC
2025 UK Crypto Tax Shake-Up: with HMRC Big changes are hitting the crypto world in the UK. Starting from 1 January 2025, crypto users must share their account details with tax officials. If they don’t, they face penalties. This move by HMRC aims to make sure everyone pays the right taxes on their crypto buys and sells. What Are the New in the UK? The UK’s tax authority, HMRC, is now collecting data directly from crypto exchanges. These platforms…
UK Begins Sweeping Crypto Tax Data Collection Under Global Reporting Push
The UK has launched a significant expansion of crypto tax oversight, marking a new phase in global enforcement and bringing digital assets firmly into the mainstream tax system. From Thursday, HM Revenue and Customs (HMRC) began collecting detailed transactional data related to cryptocurrencies, according to the Financial Times.Visit Website
Crypto investors in Germany need to adjust to a major change. Starting in 2026, profits from $Bitcoin, $Ethereum and other cryptocurrencies will no longer be reported voluntarily, but will automatically be transmitted to the tax authorities.This will start a new phase of transparency in the crypto market.New law will bring automatic crypto reportingThe new cryptotransparency law will significantly extend the tax coverage of crypto transactions.U…
UK Enforces New Crypto Tax Reporting Rules Under OECD CARF
UK introduces CARF rules requiring exchanges to report user crypto transactions and tax residency to HMRC by May 2027. The UK, alongside more than 40 countries, began enforcing new crypto tax reporting rules on January 1 under the OECD’s Cryptoasset Reporting Framework (CARF). Major exchanges must now collect wallet activity, past transaction history, and tax...
Crypto tax reporting rules taking effect in UK and 40+ countries
The new crypto tax reporting rules could significantly reduce tax evasion, increasing transparency and compliance across global markets. The post Crypto tax reporting rules taking effect in UK and 40+ countries appeared first on Crypto Briefing.
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