Cryptopolitan
2023-05-11 04:02:15

UK tax authority may seize cryptocurrencies to collect unpaid taxes

The UK tax authority, HM Revenue and Customs (HMRC) is considering new regulations that would allow it to seize cryptocurrencies from businesses that fail to pay their taxes. The move is part of a wider initiative to modernize tax collection in the digital era, which includes exploring the possibility of extending HMRC’s powers to digital ... Read more

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.