The UK's tax office, HMRC, has plans to 'gently remind' content creators and influencers that they may have tax obligations, with up to 4300 people being targeted with notification letters.
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The HMRC in the UK has claimed that it "seized" Non-Fungible Tokens (NFTs) as part of a tax evasion and fraud case, amounting to $1.9 million, making this the first-ever crypto-asset seizure.
An overhaul of Facebook's reporting and tax affairs means that it will soon be paying millions more in tax to the UK in comparison to previous years where it paid almost nothing.
