UK Reports 240 Crypto Millionaires in First Official Tax Data
The UK's first official tax report on cryptocurrency reveals that 240 individuals declared over £1 million each in capital gains, contributing to a total of £1.38 billion reported by 17,600 taxpayers. This increase in reported gains highlights the growing scrutiny of crypto transactions by HMRC.
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UK Reveals 240 Crypto Millionaires in First Official Tax Report
The UK government’s first official report on taxable crypto asset gains identifies 240 people who each declared more than £1 million in capital gains. Together, they reported £717 million, more than half of the £1.38 billion declared by 17,600 individuals. First Official Tax Report Identifies 240 Crypto Millionaires The UK government’s first official publication of […]
240 Crypto Millionaires Booked Over Half of Britain's Taxable Crypto Gains
HMRC's first breakdown shows 17,600 people declared £1.38 billion, most of them under 55 and 87% of them men.
Latest annual UK tax data shows 240 people reported more than £1 million in crypto capital gains
HMRC data shows 240 people reported more than £1 million ($1.36 million) each in crypto gains as UK tax scrutiny intensifies.