UK HMRC Sends 65,000 Crypto Tax Notices, Double Last Year’s Figures

The UK’s tax authority, HMRC, has issued over 65,000 notices to suspected crypto investors who haven’t filed taxes for the 2024-25 tax year. This move reflects a significant increase in scrutiny of cryptocurrency activities within the UK and signifies HMRC’s efforts to encourage compliance. The letters, exceeding double the number sent last year, highlight the growing focus on securing unpaid taxes from crypto transactions.