JUST IN ⚡
240 UK taxpayers each pocketed more than $1.3 million in crypto profits for the 2024‑2025 tax year, HMRC announced today 💰.
HMRC reported that 17,600 people declared £1.5 billion (≈$1.87 billion) in crypto capital gains. This marks the first public breakdown of cryptocurrency earnings by the UK tax office. The concentration of 240 individuals earning over $1.3 million each signals a growing high‑value crypto‑wealth segment. Analysts warn this could trigger stricter reporting rules and influence upcoming tax policy. The data may prompt HMRC to intensify audits on crypto traders and platforms.
Regulators say the spotlight will stay on crypto tax compliance as the sector expands ⚠️.
$MOVR, $CHIP, $MOVR
240 UK taxpayers each pocketed more than $1.3 million in crypto profits for the 2024‑2025 tax year, HMRC announced today 💰.
HMRC reported that 17,600 people declared £1.5 billion (≈$1.87 billion) in crypto capital gains. This marks the first public breakdown of cryptocurrency earnings by the UK tax office. The concentration of 240 individuals earning over $1.3 million each signals a growing high‑value crypto‑wealth segment. Analysts warn this could trigger stricter reporting rules and influence upcoming tax policy. The data may prompt HMRC to intensify audits on crypto traders and platforms.
Regulators say the spotlight will stay on crypto tax compliance as the sector expands ⚠️.
$MOVR, $CHIP, $MOVR
