Navigating a nudge on your crypto investments

Published by
City AM

By Darren Parkin by Danielle Ford, Partner and Head of Tax Disputes & Resolutions; and Riocard Hoye, Senior Manager, Haysmacintyre With cryptoassets remaining a popular investment, HMRC’s interest in crypto investors has continued to rise, particularly via the use of nudge letters. Many don’t realise that their crypto investments are taxable, and those who receive a letter from HMRC can find themselves caught unawares; to avoid a hefty penalty, it is important crypto investors understand the best course of action to take following a ‘nudge’. What is a nudge letter and what should I do if I rec…

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