The first 38 crypto investors have come forward to admit to underpaying tax on their cryptoassets since HMRC opened its cryptoasset disclosure facility in November 2023, UK accountancy group UHY Hacker Young has uncovered.
These individuals have disclosed a total of £428,717 in unpaid tax on income from cryptoassets or an average of £11,282 per disclosure.
HMRC’s new online disclosure service allows individuals to tell the tax authority about unpaid ...
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