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BREAKING01:36 AM
Fluid Co-founder Confirms Vaults Rehypothecate Collateral and Lack Full Isolation↗
Alert01:36

Fluid Co-founder Confirms Vaults Rehypothecate Collateral and Lack Full Isolation

Alert01:06

Lighter Spot Goes Live with ETH: Launch Details & Incentives

Gov01:05

X Terminates EU Commission Ad Account Citing Reach Manipulation

Alert00:54

Jupiter COO Admits 'Zero Contagion Risk' Marketing Was Inaccurate

Alert00:21

Whale Fat-Fingers $2M HYPE Sell Order, Triggering 2.6% Flash Crash

Crypto00:06

Spot XRP and Solana ETFs See Sustained Inflows; SOL Products Hit $638M Cumulative

Macro00:05

US Home Delistings Surge 28% to Highest September Level Since 2017

Crypto23:06

Paxos' Stablecoins (USDG & PYUSD) See Rapid Growth and Lead Major Market Cap Segment

Alert22:06

Justin Sun Alleges $500M Techteryx Fraud Scheme Involving FDT, Legacy Trust, and Vincent Chok

Crypto22:06

Aztec Network Concludes First CCA on Uniswap with $59M Committed; Settlement 59% Above Floor

Alert22:06

Kevin Hassett reportedly poised to be next Fed Chair; predicts rate cut

Macro22:06

US Market Share Volume Hits Record Highs Amid Retail Boom

Crypto22:06

Centrifuge Records $1.3 Billion Inflows with Sky Ecosystem Allocation

Crypto22:06

Rayls Labs Secures $1B Tokenized Credit Commitment for 2026 Mainnet

Crypto22:06

Base Network TVL Nears ATH as Armstrong Teases December 17 Update

Summary22:00

24H Summary: Hyperliquid Integrates Native USDC & French Bank BPCE Enters Crypto

Summary21:15

6 Hour Summary: Jupiter Retracts 'Zero Risk' Claims & Hyperliquid Lists SOL Ticker

Gov21:06

Poland Becomes Sole EU MiCA Holdout After Parliament Fails to Overturn Veto

Crypto21:06

CZ Emphasizes Strict Private Key Isolation for Hardware Wallets

Macro21:06

US Small Business Bankruptcies Surge to Records as Inflation Persists

 
Crypto

UK Government and HMRC to Implement Stricter Crypto Tax Reporting and Crackdown Starting 2026

11/28/2025, 17:36
11/28/2025, 18:36
AI SUMMARY
●UK HMRC mandates crypto exchanges to collect detailed transaction data starting Jan 1, 2026, with reporting to authorities in 2027.
●The initiative aims to close regulatory gaps, increase scrutiny on digital assets, and curb tax evasion.
●This move aligns with global trends of tightening fiscal enforcement on cryptocurrency holdings.
The United Kingdom government is moving forward with stricter measures to combat cryptocurrency tax avoidance. Reports indicate that plans are in place to implement tighter tax reporting compliance for digital assets starting in 2026. This initiative aims to close gaps in the current tax reporting framework and curb crypto-related tax evasion. Specifically, His Majesty's Revenue and Customs (HMRC) will mandate crypto exchanges to collect detailed transaction data starting January 1, 2026. The submission of this data to tax authorities is scheduled to begin in 2027, allowing officials to cross-check user returns effectively. This regulatory move aligns with broader global trends where tax authorities are increasing scrutiny on digital asset holdings to ensure fiscal enforcement. [Update 1] Additional reports confirm that the UK government has formally scheduled this crackdown on crypto tax avoidance to commence in 2026. The initiative is designed to close regulatory loopholes and increase transparency within the crypto sector, reflecting a global shift towards tighter fiscal oversight of digital assets.

Sources (3)

01@Crypto_Briefing↗02@WuBlockchain↗03@WatcherGuru↗
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