Robert Langston (Saffery Champness) outlines the key points, highlights the areas that are not covered, and considers some of the practical problems.
On 19 December 2018 HMRC published its guidance on cryptoassets for individuals in the form of a policy paper (see bit.ly/2Sc3wYa). Although not explicitly mentioned this replaces the guidance in Revenue & Customs Brief 9/2014 which had a number of shortcomings.
Cryptoassets describe a number of different assets including cryptocurrencies like Bitcoin and Ethereum which are most frequently encountered. In this article the terms are used interchangeably.
This article outlines the key points covered by the guidance and highlights some areas not covered as well as some of the practical problems arising.
Consultation
In developing the guidance HMRC has consulted closely with accountancy and law firms as well as the professional bodies. This has been a very...
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Robert Langston (Saffery Champness) outlines the key points, highlights the areas that are not covered, and considers some of the practical problems.
On 19 December 2018 HMRC published its guidance on cryptoassets for individuals in the form of a policy paper (see bit.ly/2Sc3wYa). Although not explicitly mentioned this replaces the guidance in Revenue & Customs Brief 9/2014 which had a number of shortcomings.
Cryptoassets describe a number of different assets including cryptocurrencies like Bitcoin and Ethereum which are most frequently encountered. In this article the terms are used interchangeably.
This article outlines the key points covered by the guidance and highlights some areas not covered as well as some of the practical problems arising.
Consultation
In developing the guidance HMRC has consulted closely with accountancy and law firms as well as the professional bodies. This has been a very...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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