HMRC to launch automatic crypto data-sharing rules from May 31, 2027
- —HMRC will automatically receive crypto-asset data from May 31, 2027
- —The agency will cooperate with international bodies on overseas crypto businesses
- —Rules target UK taxpayers with crypto assets held abroad
Why it matters: Tighter UK tax enforcement raises transparency for crypto operations and may push investors to declare offshore holdings.
Source: Bing News (crypto query)