Cryptocurrency Q&A Is Revolut traceable by HMRC?

Is Revolut traceable by HMRC?

KpopHarmonySoul KpopHarmonySoul Sat Mar 30 2024 | 7 answers 1735
Good day, I am a UK taxpayer and a frequent user of Revolut for my financial transactions. I have a question about the traceability of my Revolut activities by HMRC. As I understand, HMRC has the authority to request and receive information from financial institutions for tax purposes. Given that Revolut is a digital bank and provides services such as currency exchange and international payments, I am curious if my transactions through Revolut are subject to tracing by HMRC. If so, what kind of information can HMRC access and under what circumstances? I would appreciate it if you could clarify this matter for me. Is Revolut traceable by HMRC?

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