Bitcoin joins Black Market Pesos and 'Hundi' on taxman's hitlist: HMRC names crypto-currencies among alternative assets that MUST be declared in wealth statements
Ever since the surge in cryptocurrency wealth, it has been necessary to declare profits from such assets to HMRC for tax purposes. And anyone who finds themselves under investigation for suspected tax irregularities by HM Revenue & Customs has always had to declare all their assets. But HMRC is now…
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