Odaily Planet Daily reports: After three years of cracking down on cryptocurrency tax evasion, the UK’s HM Revenue & Customs (HMRC) has recovered over £8 million in unpaid taxes through settlements with hundreds of cryptocurrency investors. Data obtained via a Freedom of Information request shows that over the past two years, 502 cryptocurrency investors reached disclosure and settlement agreements with HMRC regarding unpaid taxes. In the 2024/25 tax year, 280 individuals reached settlements with HMRC, paying a total of £3.5 million; in the 2025/26 tax year, the number of settlements decreased to 222, but the total amount increased to approximately £4.8 million.
UK HMRC recovers over £8 million from hundreds of crypto investors in tax evasion settlements
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Summary
Over the past three years, UK HMRC has recovered more than £8 million in unpaid taxes from hundreds of cryptocurrency investors through settlement agreements. Recent inflation data and cryptocurrency news reveal that 502 investors entered into disclosure deals over the last two years, with 280 settling in the 2024/25 tax year for £3.5 million and 222 settling in the 2025/26 tax year for £4.8 million.
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