UHY Ross Brooke Chartered Accountants

Coinbase shares crypto investors data with HMRC

coinbase contacts crypto investors about HMRC

Coinbase has contacted investors who have cashed out more than £5,000 in fiat in the 2021 tax year to let them know that they have passed their details to HMRC.

HMRC will be requesting similar information from other exchanges as it seeks to increase tax compliance in the crypto space.

Need advice?

If you have been trading crypto assets and are unsure what your tax obligations are, please get in touch with one of our crypto tax experts who would be happy to assist. You can read more information from HMRC about the appropriate tax treatment of cryptoassets, but we think you’ll find it easier to talk to one of our crypto currency tax advisors.

Got a crypto tax question?

  • Please ask any immediate questions you have about your business
  • and we promise not to share your details
  • This field is for validation purposes and should be left unchanged.

Share This Post

Related insights

Talk to us

Newbury: 01635 555666
Abingdon: 01235 251252
Swindon: 01793 610008
Hungerford: 01488 682546