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Her Majesty’s Revenue and Customs

UK adds digital asset tab in tax declaration forms

Steve Kaaru

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20 March, 2023

UK adds digital asset tab in tax declaration forms

Chancellor of the Exchequer Jeremy Hunt revealed while reading the budget that digital assets will now be identified separately in...

British taxman seizes 3 NFTs for the first time in tax fraud probe

Steve Kaaru

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16 February, 2022

British taxman seizes 3 NFTs for the first time in tax fraud probe

Her Majesty’s Revenue and Customs (HRMC) also seized $6,700 worth of digital assets and arrested three people alleged to have...

Digital currency exchanges in UK face ‘unfair’ 2% digital service tax

Steve Kaaru

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1 December, 2021

Digital currency exchanges in UK face ‘unfair’ 2% digital service tax

The U.K. tax agency will impose a 2% digital service tax, which is reserved for tech outfits like Google and...

UK updates digital currency tax treatment to account for staking

Ed Drake

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5 April, 2021

UK updates digital currency tax treatment to account for staking

Her Majesty’s Revenue and Customs published the updated guidance to address the issue of proof-of-stake rewards, which had previously been...

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