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HM Revenue and Customs will look to identify those who have not been correctly paying tax on their cryptocurrency profits.
“The IRS has been pounding the table to Congress that there has been a severe deficiency in tax compliance when it comes to crypto exchanges, and the reason being that there’s no current statutory ...
The new rules apply to individuals, businesses and trustees in the UK who hold the assets, and the providers of exchange and ...
The IRS is ramping up crypto tax enforcement, sending warning letters to US investors over suspected discrepancies.
Those who don’t comply risk a £300 fine from HMRC. Once data is received from service providers, HMRC will be able to ...
Once data is received from service providers, HMRC will be able to identify those who haven’t been correctly paying tax on ...
The U.S. Treasury Department and Internal Revenue Service (IRS) should promptly release planned crypto tax rules so the industry can be brought into full compliance, Reps. Brad Sherman (D-Calif ...
Finally, we will end the Top 10 Crypto Tax Mistakes To Avoid series with suggestions for the IRS on how to better reach out to taxpayers who are making Crypto Tax Mistakes, and how to bring those ...
The measures are part of a major drive by HMRC to tackle tax evading and make sure everyone pays their fair share ...
The Joint Chiefs of Global Tax Enforcement — a coalition of tax authorities that include the Australian Taxation Office, the Canada Revenue Agency, the Dutch Fiscal Information and Investigation ...
However, when it comes to taxpayers maintaining their compliance with SA Revenue Service (Sars), many crypto traders remain none the wiser about the correct tax treatment of their investments.