UK Tax Authority Sends 65,000 Crypto ‘Nudge Letters' to Suspected Tax Evaders [Yahoo! Finance]
IG GROUP HLDGS PLC S/ADR (IGGHY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
or evading taxes on digital assets, more than double last year's figure, according to The Financial Times. The data, obtained through a Freedom of Information Act request by accounting firm UHY Hacker Young, shows a 134% increase in warning notices. These letters are typically sent before formal investigations begin, urging recipients to review their filings and settle outstanding liabilities. UK and India Tax Authorities Tap Exchange Data to Track Crypto Evaders UHY partner Neela Chauhan said HMRC is leveraging data provided directly by crypto exchanges to identify potential cases of tax avoidance. The UK's campaign mirrors global efforts. In India, tax authorities are reportedly pursuing over 400 suspected crypto tax evaders using data shared by Binance. Both examples highlight how governments are gaining deeper visibility into crypto activity through international data-sharing agreements. Starting January 2026, HMRC will gain even broader access to information through
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