HMRC set to crack down on tax evaders' crypto assets : vimar

HMRC set to crack down on tax evaders' crypto assets


HMRC set to crack down on tax evaders’ crypto assets
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The recent surge in interest and value in cryptocurrencies is likely to lead to increased scrutiny on its links to organised crime, according to a top accountancy firm. 
The organised crime ecosystem is becoming increasingly digital and now there are concerns it is being used by tax evaders. 
HMRC is set to demand data on holdings of cryptocurrencies from taxpayers it suspects of tax evasion and advice, accountancy firm UHY Hacker Young said. 
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HMRC set to crack down on tax evaders’ crypto assets
The tax authority will reportedly include explicit demands for information on crypto and other assets used by organised crime in its “statement of assets” form. 

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