UK HMRC Recovers Over £8 Million in Crypto Tax Evasion in Three Years, Reaches Settlements with Hundreds of Investors

Source: PANews7 hour ago

YouToCoin reported on July 23, citing the Financial Times, that after three years of cracking down on cryptocurrency tax evasion, the UK HM Revenue and Customs (HMRC) has recovered over £8 million in taxes by reaching settlements with hundreds of cryptocurrency investors. Data obtained under the Freedom of Information Act shows that in the past two years, 502 crypto investors reached disclosure settlement agreements with HMRC over unpaid taxes. In the 2024/25 tax year, a total of 280 people reached settlements with HMRC, with total payments amounting to £3.5 million. In the 2025/26 tax year, the number of settlements dropped to 222, but the total amount increased to approximately £4.8 million.

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