In Three Years, Recovered Over £8 Million: UK HMRC Reaches Tax Settlement with Hundreds of Crypto Investors

Source: odaily7 hour ago

Odaily Planet Daily News After three years of cracking down on cryptocurrency tax evasion, HM Revenue & Customs (HMRC) has recovered over £8 million in taxes by reaching settlements with hundreds of crypto investors. According to data obtained through a Freedom of Information request, 502 crypto investors have entered into disclosure agreements with HMRC over unpaid taxes in the past two years. In the 2024/25 tax year, 280 individuals settled with HMRC, paying a total of £3.5 million; in the 2025/26 tax year, the number of settlements dropped to 222 people, but the total amount increased to approximately £4.8 million.

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