PANews, July 23: According to the Financial Times, after three years of cracking down on cryptocurrency tax evasion, 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 have 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 in Crypto Tax Evasion Over Three Years
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Summary
Over the past three years, UK HMRC has recovered more than £8 million in unpaid taxes from 502 cryptocurrency investors through settlement agreements. In the 2024/25 tax year, 280 investors paid £3.5 million, while 222 settled for £4.8 million in 2025/26. The figures, obtained via the Freedom of Information Act, underscore heightened scrutiny in the cryptocurrency sector. With inflation data influencing market behavior, regulators are intensifying efforts to monitor compliance with digital asset taxation.
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