HMRC has been ramping up activity in relation to crypto assets recently. The new crypto disclosure facility opened in November 2023, and in January 2024 HMRC started sending ‘nudge’ letters to taxpayers warning them to check if they need to declare any crypto-related activities. As 31 January looms, do you know if your clients have been buying and selling crypto?
What should we be asking our clients?
HMRC reported in 2022 that only 42 percent o...