Her Majesty’s Revenue and Customs (HMRC) Does Not Consider All Crypto As Money

2019-11-10 23:31

On Friday, November 1st, the United Kingdom’s taxation agency, Her Majesty’s Revenue and Customs (HMRC), allegedly updated their taxation guidance for businesses and individuals reports Coin Telegraph.

As it turns out the UK deems companies that take part in any cryptocurrency-related activities, including tokens either in exchange for other assets or providing services in return […].

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U.K.’s Tax Authority Releases Taxation Guidelines for Local Cryptocurrency Holders

Her Majesty’s Revenue and Customs (HMRC), a non-ministerial department of the British government in charge of the collection of taxes, has published a paper highlighting the various types of fees applicable to blockchain-based virtual currencies and how cryptocurrency traders should handle their cryptos, according to a report released December 20, 2018, by the agency.

2018-12-23 03:00


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