Cryptocurrency Q&A
Which crypto exchanges report to HMRC?
Which crypto exchanges report to HMRC?
Valentina
Sat Mar 30 2024
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8 answers
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I'm quite curious about the crypto industry and its regulations in the UK. I understand that HMRC, the Her Majesty's Revenue and Customs, is responsible for tax regulations in the country. Given that, I'm wondering which crypto exchanges are required to report to HMRC? Are there specific criteria or thresholds that exchanges need to meet in order to be subject to these reporting requirements? Could you please elaborate on the reporting process and the information that these exchanges are required to provide to HMRC? Thank you for your time and assistance.
8 answers
DondaejiDelightfulCharm
Mon Apr 01 2024
HMRC can track cryptocurrency.
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SejongWisdom
Sun Mar 31 2024
All UK exchanges are included in HMRC's data collection.
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SolitudeSeeker
Sun Mar 31 2024
HMRC has a data sharing program with relevant authorities.
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Martino
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, is also subject to HMRC's tracking.
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ethan_thompson_psychologist
Sun Mar 31 2024
HMRC possesses crypto transaction data dating back to 2014.
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