HMRC Ramps Up Crypto Tax Crackdown in the UK ๐ฌ๐ง๐ผ
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UK crypto investors could face tax bills even without receiving HMRC warning letters, as the agency tightens oversight on undeclared digital asset income.
HMRC sent nearly 65,000 โnudge lettersโ last year โ double the previous total โ urging investors to self-report gains before audits begin.
Experts warn that exchange data sharing means โno letterโ doesnโt mean โno risk.โ