Questions tagged [hmrc]

isabella_taylor_activist Sat Mar 30 2024 | 7 answers 1657

Can HMRC look at Revolut?" This question arises from a curiosity about the relationship between Her Majesty's Revenue and Customs (HMRC), the tax and customs authority of the United Kingdom, and Revolut, a popular financial technology company offering digital banking services. The questioner wants to know if HMRC has the ability or authority to inspect or investigate Revolut, perhaps in the context of tax evasion, money laundering, or other financial crimes. There's a hint of concern or worry about the privacy and security of personal financial transactions and information, given the potential for government agencies to access and monitor these activities. Overall, the tone is inquisitive, seeking clarification and understanding of a complex and potentially controversial issue.

GinsengBoostPowerBoostVitality Fri Mar 29 2024 | 5 answers 1165

I'm a bit curious, does HMRC keep tabs on Kraken? I understand that they monitor cryptocurrency transactions to some extent, but I'm not entirely sure how it works. I use Kraken for some of my crypto trading, and I was wondering if I should be worried about any potential scrutiny from HMRC. Could you please clarify this for me? Also, if they do track Kraken, what kind of information do they collect and how do they use it? Thank you for your time and assistance.

GangnamGlitzGlamour Fri Mar 29 2024 | 6 answers 1584

I'm a UK taxpayer, and I have some offshore bank accounts. I'm just curious, can HMRC see my offshore bank accounts? I understand that HMRC has the authority to investigate my tax affairs, but does that extend to my offshore accounts? Are they able to access information about these accounts, or do I have something to worry about? I'm just trying to be proactive and make sure I'm complying with all tax regulations. Can you provide some clarity on this matter?

GangnamGlamour Fri Mar 29 2024 | 6 answers 1417

I'm a bit confused about the relationship between HMRC and Coinbase. I've heard that HMRC can see my Coinbase transactions, is that true? If so, how does it work? And what information do they actually have access to? I'm asking because I'm considering investing in cryptocurrencies, but I'm worried about tax implications and privacy concerns. Could you please clarify this for me? Thank you.

Daniele Fri Mar 29 2024 | 6 answers 1173

Could you please explain the HMRC warning on crypto? I've been hearing a lot about it recently, but I'm not entirely sure what it means or how it could affect me. As a professional in the field of cryptocurrency and finance, I'm sure you have a clear understanding of the subject. Could you break it down for me in a way that's easy to understand? I'm particularly interested in knowing what steps I should take to ensure I'm compliant with HMRC's regulations in this area. Thank you for your time and expertise.