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UK Tax Authority Targets Crypto Investors with 65,000 ‘Nudge’ Letters

The UK tax authority has intensified its efforts to address crypto tax non-compliance, sending around 65,000 “nudge” letters in the 2024–25 tax year. Surge in ‘Nudge’ Letters Revealed by FOIA The United Kingdom’s tax authority, His Majesty’s Revenue and Customs (HMRC), has escalated its crackdown on crypto tax non-compliance, issuing approximately 65,000 “nudge” letters to […] Also read: Japan’s Banks May Soon Hold Bitcoin, Push Stablecoin Adoption