The United Kingdom’s tax authority, Her Majesty’s Revenue and Customs (HMRC) have arrested three suspected tax evaders and seized three Non-Fungible Tokens (NFTs), a confiscation that marks the very f...
Tag: HMRC
UK’s HMRC seizes NFTs for first time in tax fraud probe
A CryptoPunk NFT on display at Sotheby’s on June 4, 2021 in New York City. Cindy Ord | Getty Images LONDON — Britain’s tax watchdog has seized three non-fungible tokens, in what is thought...
HMRC updates its cryptoassets manual to address DeFi taxation in the UK
The UK’s HMRC has updated its cryptoassets manual that it published last year, to provide legislative clarification on how DeFi will be taxed in the UK. The cryptoassets manual is a formalisation of ...