Expect a crypto crackdown and no more Mr Nice Guy at HMRC, write Gary Ashford and Morag Ofili (Harbottle & Lewis).
Throughout the pandemic the government has offered businesses and individuals various levels of support as the impact of lockdowns and restrictions had knock-on tax effects for many. In 2019 HMRC paused its tax investigations which provided a welcome breather for many as they dealt with the period of financial uncertainty that was ushered in by the coronavirus. However HMRC has now re-started its investigations and the government made it clear in its most recent Budget that enforcement and collection are high on the agenda. So what does the tax disputes landscape look like for the year ahead?
Crackdown on crypto
If last year has shown us anything it is that the exponential growth of digital assets including cryptocurrency is set...
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Expect a crypto crackdown and no more Mr Nice Guy at HMRC, write Gary Ashford and Morag Ofili (Harbottle & Lewis).
Throughout the pandemic the government has offered businesses and individuals various levels of support as the impact of lockdowns and restrictions had knock-on tax effects for many. In 2019 HMRC paused its tax investigations which provided a welcome breather for many as they dealt with the period of financial uncertainty that was ushered in by the coronavirus. However HMRC has now re-started its investigations and the government made it clear in its most recent Budget that enforcement and collection are high on the agenda. So what does the tax disputes landscape look like for the year ahead?
Crackdown on crypto
If last year has shown us anything it is that the exponential growth of digital assets including cryptocurrency is set...
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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