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UK ‘crypto’ investors settle over £8M with HMRC since 2024

UK ‘crypto’ investors settle over £8M with HMRC since 2024

The United Kingdom’s tax authority, HM Revenue & Customs (HMRC), has pulled in over £8 million ($11 million) since 2024 from settlements with 502 digital asset investors arising from unpaid taxes, according to a recent Freedom of Information (FOI) request.

Based on figures published July 24 by financial services compliance provider Identomat—which made the FOI request—the settlements resulted from “voluntary disclosures” over the past two years, as U.K. digital currency…

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