UK Tax Authority Targets 65,000 Crypto Evaders: Global Data Sharing Begins 2026
Crypto tax compliance pressure as OECD CARF implements global data sharing, for digital asset taxation. UK Tax Authority Cracks Down on Crypto Tax Evasion: What It Means for Investors 📌 UK Tax Authority Increases Scrutiny of Crypto Investors The United Kingdom's tax authority, HM Revenue & Customs (HMRC), is intensifying its efforts to combat crypto tax evasion. According to a recent report, HMRC has sent out approximately 65,000 "nudge letters" to individuals suspected of underreporting or failing to report taxes on their crypto asset gains. This represents a significant 134% increase from the previous year, signaling a heightened level of scrutiny on crypto investors. These "nudge letters" are essentially warnings, providing taxpayers an opportunity to correct their filings before facing formal investigations. This initiative reflects a...