Cryptocurrency: the unpaid tax bill HMRC is waiting to cash in
As Bitcoin nears its 10th anniversary, billions will have been made and lost by speculators and investors. However, many who have invested will have failed to declare any profits made to HMRC.
Paul Bricknell, tax partner for Manchester commercial law firm Kuits, warns that companies and individuals need to seriously consider registering to disclose their profits to HMRC in advance of its Requirement to Correct deadline on 30 September 2018, if they haven’t yet done so.
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