HM Revenue & Customs has sent about 81,000 warning letters to cryptocurrency holders as part of a recent tax compliance campaign in the UK. Data disclosed through a Freedom of Information request shows the number of such letters has nearly tripled since 2024. The move is intended to remind taxpayers to report and pay capital gains tax tied to crypto assets. The development was cited by Techub News, which referenced BBC News in its brief report. The disclosed figures point to a sharper compliance push by the UK tax authority toward individuals with crypto-related tax obligations, with the campaign focused on reporting and payment requirements rather than any newly announced tax rule in the provided report.
HM Revenue & Customs (HMRC) has sent about 81,000 warning letters to cryptocurrency holders in a recent tax compliance campaign in the UK.
Data disclosed through a Freedom of Information request shows the number of these letters has nearly tripled since 2024. HMRC’s action is meant to remind taxpayers to report and pay capital gains tax related to crypto assets.
The update was carried by Techub News, citing BBC News.
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