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UK Sends 81,000 Crypto Tax Warnings as HMRC Targets Unpaid Bull Run Gains
Aug 23, 2026
< 1 min read
by Chayanika Deka
for CryptoPotato
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HM Revenue and Customs sharply stepped up scrutiny of UK crypto users in the 2025 to 2026 financial year, sending more than 81,000 warning letters to holders it suspects owe unpaid tax. The surge in enforcement highlights rising crypto tax and regulatory risk in the UK and could increase compliance costs and deter adoption, pressuring market activity.
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HM Revenue and Customs (HMRC) has significantly increased its scrutiny of UK crypto users during the 2025-2026 financial year.
The tax authority reportedly sent more than 81,000 warning letters to holders it suspects may have unpaid tax, the BBC reported after reviewing a freedom of information request.
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