HMRC

Cryptocurrency merchants who fail to declare earnings on tax returns dealing with HMRC crackdown

Those that deal in cryptocurrencies comparable to Bitcoin and consider that their transactions will not be discoverable by tax officers are in for a shock in line with a number one tax and advisory agency. Fiona Fernie, a tax dispute decision associate on the Blick Rothenberg is warning crypto merchants who consider they don’t have …

Cryptocurrency merchants who fail to declare earnings on tax returns dealing with HMRC crackdown Read More »

HMRC to demand knowledge on cryptocurrency holdings

HMRC will start demanding knowledge on holdings of cryptocurrencies from taxpayers that it suspects are responsible of tax evasion and avoidance, in accordance with UHY Hacker Younger. The accountancy agency defined that HMRC’s assertion of belongings type, which is used to demand an entire accounting of all a taxpayer’s belongings in an investigation, will now …

HMRC to demand knowledge on cryptocurrency holdings Read More »

HMRC to demand crypto property information from taxpayers

Tax authorities will now demand info on crypto property from taxpayers it investigates for evasion and avoidance The UK’s tax and customs authorities will start demanding info on holdings in cryptocurrency for taxpayers that it investigates for tax evasion and avoidance, in response to a nationwide accountancy group. UHY Hacker Younger stated HMRC’s  ‘assertion of …

HMRC to demand crypto property information from taxpayers Read More »