HMRC contacts just 0.4% of crypto holders over tax HMRC has contacted just 0.4% of the estimated 2.3m crypto holders in the UK about the tax that may be owed on their investments according to wealth management firm Quilter. The tax office sent out fewer than 9,000 letters to digital asset holders about potential capital gains tax bills last year. Shaun Moore, a tax and financial planning expert at Quilter, said: “Considering the significant interest in cryptoassets from the general public over the past few years its surprising to see that only 8,329 people in the UK have been sent a letter asking them to review how much CGT they might owe.” HMRC has recently issued fresh guidance on crypto taxes, including a report clarifying that tokens lent and staked on decentralised finance protocols are treated as a disposal and subject to CGT. It has also increased efforts to pursue criminals using digital assets for tax evasion, seizing three NFTs and opening 20 investigations into crypto assets.