HMRC Issues 81,000 Tax Warning Letters to Crypto Investors

The UK's HM Revenue and Customs (HMRC) sent 81,000 warning letters to crypto investors suspected of unpaid taxes over the past 12 months, a 25% increase from the previous year's 65,000. These letters encourage voluntary disclosure before formal investigations begin. Taxable events include exchanging, purchasing goods, or gifting crypto. Income from lending or staking may be subject to income tax, and UK residents are generally taxed on global gains. New rules effec