{"id":105934,"date":"2025-10-19T15:59:50","date_gmt":"2025-10-19T15:59:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=105934"},"modified":"2025-10-19T15:59:50","modified_gmt":"2025-10-19T15:59:50","slug":"is-keir-starmer-coming-for-your-crypto-uk-crypto-tax-raid-targets-65000-traders","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=105934","title":{"rendered":"Is Keir Starmer Coming For Your Crypto? UK Crypto Tax Raid Targets 65,000 Traders"},"content":{"rendered":"

Is Keir Starmer coming for your crypto? UK crypto tax raid fears grow, as HMRC crypto tax letters are distributed to 65,000 British crypto traders.<\/p>\n

The UK crypto tax authority, HMRC, has doubled the number of crypto warning letters it sends, signaling a tougher approach to undeclared digital-asset gains under the new government.<\/span><\/p>\n

According to a <\/span>Financial Times report,<\/span><\/a> HM Revenue & Customs (HMRC) has issued about 65,000 \u201cnudge\u201d letters to residents suspected of under-reporting crypto profits for the 2024\u201325 tax year, more than twice the 27,700 sent the year before.<\/span><\/p>\n

The campaign is meant to push more investors to voluntarily disclose their gains as HMRC gains deeper access to crypto-exchange data.\u00a0<\/span><\/p>\n

Falling capital-gains tax (CGT) allowances have also widened the net, bringing more traders into the tax system.<\/span><\/p>\n

The Financial Conduct Authority <\/span>estimates<\/span><\/a> that roughly 12% of British adults, around 7M people, now hold crypto, highlighting the scale of those who could be affected.<\/span><\/p>\n

DISCOVER:\u00a016+ New and Upcoming Binance Listings in 2025<\/a><\/strong><\/p>\n

How Does the UK\u2019s New Crypto Tax Rule Affect Traders in 2025?<\/h2>\n
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