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UK investors may be liable for up to 20 years of ‘unpaid tax on cryptoassets’

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The UK government has revised its approach to taxation on crypto, introducing a more structured process for reporting and paying any unpaid taxes in this domain. As per HM Revenue & Customs’ latest publication, dated Nov. 29, individuals and entities dealing with “cryptoassets” must adhere to specific guidelines to ensure compliance with tax obligations, reporting […]

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