UK Tax Authority Doubles Crypto Warning Letters in Crackdown on Unpaid Gains

HMRC Increases Efforts on Crypto Tax Compliance

HMRC intensifies crypto tax compliance, issuing 65,000 letters to UK crypto holders for 2024/25.

UK Cracks Down on Crypto Taxes as Warning Letters Surge

Nearly 65,000 warning notices were sent out in the latest tax year – more than double the previous year – signaling a new phase in the country’s digital asset crackdown. The letters, quietly issued by HM Revenue & Customs (HMRC), serve as preemptive nudges urging investors to amend their tax filings before formal investigations begin. The surge reflects how aggressively the agency is pursuing compliance as crypto adoption accelerates. Over the p…

UK Sends 65,000 Letters to Suspected Crypto Tax Evaders

UK Tax Authority Targets Underreported Crypto Gains HM Revenue & Customs (HMRC) has intensified its oversight of cryptocurrency investors, sending almost 65,000 warning letters in the 2024–25 tax year—more than double the 27,700 issued the previous year, according to figures obtained by the Financial Times under the Freedom of Information Act. The notices, often called “nudge letters,” encourage taxpayers to correct filings voluntarily before fo…

British Tax Officials Ramp Up Crypto Compliance Efforts With Record Warnings

The UK tax authority has doubled its enforcement efforts against crypto investors who may have underreported gains. According to Cointelegraph, HM Revenue & Customs issued nearly 65,000 warning letters in the 2024-25 tax year. This represents a jump from 27,700 letters sent the previous year. The Financial Times obtained these figures through a Freedom of Information Act request.The letters serve as "nudge letters" designed to prompt voluntary t…

UK Tax Authority Doubles Down on Crypto Investors With 65,000 Warning Letters

The UK tax authority, HMRC has intensified its efforts to ensure cryptocurrency investors pay their fair share of taxes. The post UK Tax Authority Doubles Down on Crypto Investors With 65,000 Warning Letters appeared first on TheCoinrise.com.

UK Tax Authority Intensifies Crypto Compliance Enforcement

The post UK Tax Authority Intensifies Crypto Compliance Enforcement appeared on BitcoinEthereumNews.com. MRC issued 65,000 crypto tax warning letters in 2024 – 25, doubling the previous year’s total.​ UK crypto ownership surged to around 7 million adults, highlighting mainstream adoption. British tax authorities have intensified their hunt for cryptocurrency investors who might not have reported taxable profits on digital assets. The tax agency …