Coindesk
9 months agoCryptocurrency
UK to Hit Crypto Users With Penalties for Unpaid Taxes
The U.K. government is urging crypto users to voluntarily disclose any unpaid capital gains or income taxes to avoid penalties.
Tax disclosures should include capital gains or income from exchange tokens like bitcoin, NFTs, and utility tokens.
Users who fail to meet the payment deadline may face penalties and the Treasury will take steps to recover the money. [ more ]