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United Kingdom · Question · Written question

UIN 92829

Tax Evasion: Cryptocurrencies

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

14 December 2021

Last action

5 January 2022 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

5 January 2022

Summary

To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of the existing HMRC enforcement regime with regards to tax evasion using cryptocurrencies; and if he will make a statement.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 14 December 2021

    Written question

    To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of the existing HMRC enforcement regime with regards to tax evasion using cryptocurrencies; and if he will make a statement.

    Source: Commons

  2. 5 January 2022

    Answer

    Cryptoassets present unique challenges to HMRC as they can be easily acquired and transferred, including across borders, but do not usually record the identity of their owners. HMRC has used powers provided by Parliament to gather information from cryptoa...

    Source: Written answer

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