The UK HM Revenue and Customs has sent over 8,300 warning letters to individuals suspected of owing capital gains tax on cryptocurrency

2024-01-10 19:10:58

Collection

ChainCatcher news, according to The Fintech Times, the HM Revenue and Customs (HMRC) has sent out 8,329 warning letters to individuals suspected of owing capital gains tax on cryptocurrency. Meanwhile, new tax rules will require cryptocurrency trading platforms to report the income earned by individual sellers.

In addition, cryptocurrency trading platforms will share customer information with the UK tax authorities starting in 2027.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.