HMRC will start demanding data on holdings of cryptocurrencies from taxpayers it suspects of tax evasion and avoidance, warned a national accountancy firm.
UHY Hacker Young has claimed that HMRC’s ‘statement of assets’ form - used to obtain a complete accounting of all a taxpayer’s assets in an investigation - will now include explicit demands for information on cryptos and other assets.
This includes those commonly used by organised crime, such as:
- Cryp...