UK crypto investors warned of tax return penalties ahead of January deadline
Summary
UK crypto investors must complete a Self Assessment tax return by Jan. 31, 2024, including crypto-related income and gains. Failure to comply can result in penalties, starting at £100 and increasing for delays. Tax liabilities apply to receiving, selling, trading, purchasing, gifting, or donating crypto assets. Delays in filing can lead to daily fines and additional penalties for late payment. Interest will also be charged on late tax payments.
