The UK’s tax authority recovered more than £8 million in unpaid cryptocurrency tax over three years, and reached a settlement with hundreds of investors.

PANews, July 23—According to the Financial Times, after three years of cracking down on crypto tax evasion, the UK tax authority, HM Revenue and Customs (HMRC), has reached a settlement with hundreds of crypto investors and recovered more than £8 million in taxes. Data obtained through a Freedom of Information Act request shows that over the past two years, 502 crypto investors reached disclosure settlement agreements with HMRC regarding unpaid taxes. In the 2024/25 tax year, 280 people reached settlements with HMRC, paying a total of £3.5 million. In the 2025/26 tax year, the number of settlements fell to 222 people, but the total amount increased to about £4.8 million.