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03 March 2021

U.K. tax authorities eye crypto assets in up-and-coming budget | CryptoSlate

U.K. tax authorities eye crypto assets in up-and-coming budget | CryptoSlate


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tax authorities eye crypto assets in up-and-coming budget.

According to chartered accountants HillierHopkins, Her Majesty’s Revenue and Customs (HMRC) will target crypto investors in the up-and-coming budget on March 3.

As well as that, a CGT liability arises on the gain made upon disposal of crypto assets.

HMRC acknowledges that crypto assets are digital and therefore intangible.

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