HMRC eyes £428,000 crypto tax underpayment

The increase is up 202% from £142,000 HRMC believes was underpaid the year before, the law firm said.  Pinsent Masons said that given the growing popularity of cryptocurrency investment, this figure is likely to continue increasing quickly. Other large increases in the amount of suspected underpaid tax by wealthy individuals includes: Capital Gains Tax - jumping 157% to £752m in the last year, up from £293m the year before Inheritance Tax - jumping 43% to £353m in the last year, up from £247m the year before Steven Porter, partner at Pinsent Masons, said these figures confi...