general

UK tax authority sends 65000 letters to suspected crypto tax evaders

TLDR HMRC sent 65, 000 crypto tax warning letters in 2024-25, up 134% from 2023-24. Crypto exchanges now share user data with HMRC for tax compliance tracking. Seven million UK adults now own crypto, up from five million in 2022. CARF rules begin in 2026 to enable global crypto tax data sharing with HMRC. HM Revenue [.] The post UK tax authority sends 65000 letters to suspected crypto tax evaders appeared first on CoinCentral.