By Susie Violet Ward · Forbes · 8 October 2026
In 2026, HMRC proposed extending its information powers to cryptoasset businesses, including Financial Institution Notices for cryptoasset service providers and updated rules on computer records and software. The consultation closed on 7 September 2026, and ministers had not decided on the reforms when the article was published. Recap, a UK crypto tax software provider, argued that the proposed definition could also catch businesses that do not hold customer funds, such as tax and wallet software.
The article looks at what happens when names, home addresses and tax identifiers are linked to a Bitcoin address on a public blockchain, where that connection can remain visible long after a tax inquiry ends. It also covers a rise in physical attacks linked to crypto holdings, particularly in France, and Bull Bitcoin’s challenge to France’s implementation of DAC8. Contributors include Recap CEO Dan Howitt, Michal Nydrle of Invity and Laura Knight of Knightbridge Tax.