We understand that HMRC are in the process of sending ‘one to many’ letters to taxpayers who they believe have disposed of cryptoassets but not declared any resulting chargeable gains or income.
It is important to note that if the taxpayer takes no action, a compliance check may be undertaken.
A copy of the letter can be found here: HMRC 'one to many' campaign
If you receive one of these letters, please get in touch with us for advice.
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