HMRC sends 8,329 ‘nudge’ letters to crypto investors for owed tax
UHY believes that the tax authority will be keen to target crypto as a source of tax revenue, as 4.97 million people in the UK are believed to own some cryptocurrency as of 2022
HMRC has sent a total of 8,329 “nudge” letters to individuals suspected of owing tax on cryptocurrency assets, according to UHY Hacker Young.