Express

Coinbase UK Hands Over Customer Data to HMRC to Comply with Tax Regulation

Amy Liu

Summary: Coinbase UK customers have been informed that the British tax authority, Her Majesty’s Revenue & Customs (HMRC), is tracking their income records.  According to the previous data transmission terms negotiated between Coinbase UK and HMRC, during the 2019/20 tax year, customers with a U.K. address who received more than £5,000 ($6,450) worth of cryptocurrency need ...

Coinbase UK customers have been informed that the British tax authority, Her Majesty’s Revenue & Customs (HMRC), is tracking their income records. 

According to the previous data transmission terms negotiated between Coinbase UK and HMRC, during the 2019/20 tax year, customers with a U.K. address who received more than £5,000 ($6,450) worth of cryptocurrency need to disclose their names and address to HMRC.

According to the email notification received by Coinbase UK customers this Friday, the relevant customer information has been sent to HMRC.

Last Update:

Tags: ,,,,
Link: Coinbase UK Hands Over Customer Data to HMRC to Comply with Tax Regulation   [Copy]
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 2 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 3 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 6 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 7 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 9 days ago
  • You need to login to comment.