HMRC published guide lines for crypto holders

HMRC published guide lines for crypto holders

Cryptocurrency Blockchain
  • The U Ki HMRC has just released a comprehensive publication of how it sees cryptocurrency assets and how individuals could be taxed.
  • Wednesday’s report specifically focuses on how individuals possessing crypto assets does not outline a tax plan for business holding these crypto assets.
  • The outlined publication does not consider cryptocurrency money or currency in any way mirroring a previous report by the CATF calling them utility tokens.
  • “This publication considers the taxation of exchange tokens (like bitcoins) and does not directly consider utility or security tokens. 
    another kind of tax treatment may need adopting.
  • see more in the orignal publication

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