The UK’s Tax Collector Is Sending Crypto Investors ‘Nudge’ Letters: Report

The UK’s Tax Collector Is Sending Crypto Investors ‘Nudge’ Letters: Report
The United Kingdom’s tax collection agency is preparing to send out letters to crypto investors encouraging them to double-check that they’ve paid the correct amount of taxes on their cryptocurrency investments, according to a report from the Financial Times.Her Majesty’s Revenue and Customs (HMRC) told CryptoUK, a crypto trade organization that works closely with regulators in the U.K., that the so-called “nudge letters” are meant to be “educational,” according to the report.“If you receive a nudge letter it does not necessarily mean you have made an error on your tax return, but you need to ensure that you respond correctly…