Thinking of not filing crypto taxes in the UK? Here’s what happens if you don’t report to HMRC in 2025.
Every year, some traders gamble on not reporting their crypto gains. In 2025, that gamble is riskier than ever. Here’s exactly what happens if you don’t report to HMRC.
Penalties & Fines
- £100 fine for missing the filing deadline.
- Daily penalties after 3 months.
- Up to 100% of unpaid tax as penalties.
Interest on Unpaid Tax
HMRC charges interest daily.
Risk of Investigation
Failure to report can trigger a full audit — and possible criminal investigation for deliberate evasion.
Conclusion
The cost of not reporting is always higher than the tax bill itself.
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