Crypto Investors in the UK Face Tax Disclosure Deadline!
The post Crypto Investors in the UK Face Tax Disclosure Deadline! appeared first on Coinpedia Fintech News
The UK government has issued a stern warning to cryptocurrency investors, urging them to voluntarily disclose any unpaid capital gains or income taxes on their digital assets. This includes exchange tokens like Bitcoin, NFTs, and utility tokens. The disclosure should reflect any gains or income accrued from these assets. Investors who have already made crypto tax disclosures to the UK Treasury have 30 days from the disclosure date to settle all outstanding payments. Failure to adhere to the deadline could result in penalties and recovery efforts by the Treasury.
