HMRC recovers more than £8million from investors through major tax crackdown

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HMRC recovers more than £8million from investors through major tax crackdown.

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HMRC has recovered more than £8million from cryptocurrency investors who failed to pay the correct tax on their digital asset gains.Figures released following a Freedom of Information request show 502 people reached disclosure agreements with the taxman over the past two tax years, with the average settlement worth around £16,600.Zurab Kotaria, chief operating officer at financial services compliance firm Identomat, which submitted the Freedom of Information request, said the figures reflected a wider compliance drive.He said: "These settlements are part of a broader compliance crackdown by the authorities which has significant implications for both crypto investors and the platforms they use." TRENDING Stories Videos Your Say The recoveries follow HMRC's dedicated crypto disclosure campaign, which launched in November 2023.During the 2024/25 financial year, 280 cryptocurrency investors agreed settlements worth a combined £3.5million.In 2025/26, fewer investors came forward, with 222...

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