New figures published this week have shown a 432 percent increase in the amount of tax HMRC believes wealthy individuals underpaid on their cryptocurrency investments, international law firm Pinsent Masons has discovered.
HMRC identified £2,280,000 in suspected underpaid tax relating to crypto assets in 2021-22, up from £428,000 the previous year.
Pinsent Masons said despite the recent cryptocurrency crash substantially reducing gains for many investors, H...
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