HMRC said the information will help users' crypto activity be linked to their tax record to work out how much tax is payable.

The UK has imposed around £128 million ($174 million) in penalties for offshore tax evasion over the past seven years, but has yet to issue a single fine to those who enable such evasion, the tax ...

Tax authorities have imposed 600,000 penalties on low-income workers who do not owe any tax, with automatic fines beginning ...

HM Revenue and Customs (HMRC) has charged 600,000 late penalties to low earners despite them owing no tax. The tax office applies an automatic £100 fine if someone misses the tax return deadline of ...

HM Revenue and Customs (HMRC) has issued a stern warning to cryptocurrency users, stating that failure to provide necessary ...

Self-assessment taxpayers who make 'payments on account' have less than one month to settle the second instalment of the year ...

HMRC probably worried that if there were no penalties for late filing or errors, then they'd have about 15 million taxpayers wanting to join the trial...but that is resolved by limiting entry to the ...