HMRC hones in on crypto tax evaders

News Team, 05/11/2021

New figures published this week indicate HMRC is starting to look more closely at the tax affairs of crypto investors.

HMRC has already identified £428,000 in tax it believes was underpaid by wealthy individuals on cryptocurrency investments last year, up 202 percent from £142,000 it believes was underpaid the year before.

Pinsent Masons partner Steven Porter said this figure was likely to keep growing, given the investments’ popularity.

There w...

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