81,000 Crypto Investors Warned by HMRC: 'Shooting Fish in a Barrel' Is Coming

81,000 Crypto Investors Warned by HMRC: 'Shooting Fish in a Barrel' Is Coming

A crypto trade that never turned into cash can still leave a tax bill, and 81,000 warning letters saying so have gone out from His Majesty's Revenue and Customs (HMRC) over the past year. Neela Chauhan, a partner at the accountancy firm UHY Hacker Young, said that once HMRC gets the exchange data it is owed, chasing crypto investors will be 'like shooting fish in a barrel.' The letter is not a fine, and it is not an investigation. It says HMRC h…

More than 80,000 HMRC letters sent to Brits amid crackdown

81,172 Brits have been warned by HMRC amid a major crackdown on unpaid tax.

More than 80,000 crypto traders told to cough up tax in HMRC crackdown

If you’ve made profit off Bitcoin or other cryptos, you may need to pay tax

81,000 warning letters sent to crypto holders in HMRC tax crackdown

According to a Freedom of Information (FOI) request the number of letters sent has almost tripled since 2024.

HMRC sends 81,000 warning 'nudge letters' to Britons in tax clampdown - could you get one?

HM Revenue and Customs (HMRC) has sent out 81,000 warning letters to British investors in the last year. Are you one of them?The tax authority's pursuit of cryptocurrency investors suspected of evading tax has intensified sharply, according to UHY Hacker Young.Over the past 12 months, HMRC dispatched tens of thousands of so-called "nudge" letters to crypto holders it believes may have underpaid.This represents a 25 per cent jump compared with th…

UK Crypto Tax 2026: HMRC Warning Letters

You should pay attention if you have been purchasing, trading or exchanging cryptocurrencies in the UK in recent years. In an effort to crack down on crypto tax evasion in the UK, HMRC has issued warning letters to crypto investors to the tune of 81,000 for the 2025–26 fiscal year alone, which is almost triple...