UK Expands Crypto Tax Reporting via CARF and Proposed HMRC Data Powers
- —CARF covers 52 jurisdictions; Singapore, Switzerland and Gibraltar join from 2028
- —HMRC proposes extending Financial Institution Notices to cryptoasset firms
- —Consultation on domestic data powers closed on September 7, 2026
- —Non-custodial wallets, explorers and tax software face privacy concerns
Why it matters: UK residents and crypto firms face tighter tax oversight, while offshore accounts and service providers become less reliable for hiding holdings.
Source: Cryptonews.com