A 2022 government survey showed 72% of crypto owners in the U.K. had not read its crypto tax guidance, but ignorance won't count as an excuse for tax evasion, experts told CoinDesk.
On Wednesday, the country's Treasury asked crypto investors to voluntarily calculate and disclose any unpaid income or capital gains taxes to avoid penalties or additional interest. Disclosure requirements apply to exchange tokens like bitcoin (BTC), non-fungible tokens (NFTs) and utility tokens.
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