# The Reporting Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025, Regulation 18: Penalties for failure to register with HMRC

Extent: E+W+S+N.I.

If a reporting cryptoasset service provider fails to comply with regulation 10 (registration with HMRC: UK reporting cryptoasset service providers), the reporting cryptoasset service provider is liable—
(a) to a penalty not exceeding £1,000, and
(b) if the failure continues after notice of assessment of a penalty under paragraph (a) is issued, to a penalty or penalties not exceeding £300 for each subsequent day on which the failure occurs.

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Source: https://www.legislation.gov.uk/uksi/2025/744/regulation/18 (the official version)
Page: https://openlegislation.uk/reporting-cryptoasset-service-providers-due-diligence-and-reporting-requirements-regulations-2025/regulation-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.