
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 defrauded the gov’t of $1.9 million in taxes.
Her Majesty’s Revenue and Customs (HRMC) also seized $6,700 worth of digital assets and arrested three people alleged to have defrauded the gov’t of $1.9 million in taxes.
The U.K. tax agency will impose a 2% digital service tax, which is reserved for tech outfits like Google and Facebook, on digital currency exchange, which, in turn, will be passed on to users.
Her Majesty’s Revenue and Customs published the updated guidance to address the issue of proof-of-stake rewards, which had previously been treated informally in the same way as mining rewards.