HMRC – DIGIT INFO

UK Seizes First NFTs in $2 Million Fraud Crackdown — Arrests 3 People

DIGIT — Tue, 15 Feb 2022 04:00:30 +0000

The U.K.’s. HM Revenue & Customs (HMRC) has made its first non-fungible token (NFT) seizure. British authorities also seized some crypto and arrested three people in a fraud case involving 250 allegedly fake companies. “Our first seizure of a non-fungible token serves as a warning to anyone who thinks they can use crypto assets to […]

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UK tax agency cracks down on rules around DeFi lending and staking

DIGIT — Thu, 03 Feb 2022 01:38:50 +0000

“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK,” said the executive director of CryptoUK Ian Taylor

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UK digital services tax targets crypto exchanges

DIGIT — Mon, 29 Nov 2021 02:13:18 +0000

Britain’s crypto exchanges will be levied with a 2% tax which is likely to be passed on to investors warned CryptoUK.

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UK Tax Agency to Pay $100K for Blockchain Surveillance Software

DIGIT — Tue, 21 Jan 2020 19:10:56 +0000

On January 17, the UK tax agency Her Majesty’s Revenue and Customs (HMRC) published a job opportunity for a private contractor to design a cryptocurrency blockchain analysis tool. According to the listing, the contract is for one year and HMRC will pay the contractor $100,000 for software that can “identify and cluster crypto asset transactions.” […]

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What UK Bitcoin Investors Should Know as Tax Deadline Approaches

DIGIT — Wed, 16 Jan 2019 19:53:54 +0000

The deadline for submitting tax returns in the UK is Jan. 31, 2019. If you hold investments in bitcoin or any other cryptocurrency it is important to be aware you may owe corporation tax, income tax, or capital gains tax depending on your activities. The U.K.’s HM Revenue and Customs (HMRC) has shared its most recent […]

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UK Bitcoiners Might Have Tax Loophole

DIGIT — Mon, 22 Jan 2018 17:55:49 +0000

With success comes attention, and with notice comes the taxman. Bitcoin’s crazy great jump in price over 2017 has taken the world’s most popular cryptocurrency from a curiosity into a begrudgingly valued asset by governments. Capital gains is the tool of most revenue collectors when it comes to crypto, including the United Kingdom (UK). What […]

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