HMRC issues guidance on cryptoassets

HMRC has published guidance for people who hold cryptoassets.

HMRC has published guidance for people who hold cryptoassets, typically cryptocurrency or Bitcoin, explaining what taxes they may need to pay and what records they need to keep. HMRC has also published further information for businesses and companies about the tax treatment of cryptoasset transactions.

HMRC advises that these papers set out HMRC's view of the appropriate tax treatment of cryptoassets, based on the law as it stands on the date of publication and that the tax policy in this area may develop as the sector develops.

Internet link: GOV.UK tax on cryptoassets

AAT Sage The Chartered Institute of Payroll Professionals FSB
AutoEntry Bright

Angela Moore is licensed and regulated by the Association of Accounting Technicians to provide services in accordance with licence number 4068 details of which are displayed as the address shown.