The Knowledge Centre

Cryptoassets are not currency or money Further, it is highly unlikely that a cryptocurrency would constitute foreign currency certainly for the time being. Someone who is buying and selling cryptoassets, again, is unlikely to be speculating or gambling (in a tax sense, anyway). The default position is likely to be that a transaction involving the […]

Introduction For many, cryptocurrency will be more associated with non-compliance than it is for compliance with the tax rules! This is unfortunate. Thankfully, the market has moved on as it has evolved and the majority of people in the industry will be aware of their tax reporting obligations. That said, there will still be those […]

Introduction HMRC have a number of formal Information Notices coming in a variety of different flavours. These may be issued either: following a failure to respond to an initial “formal” enquiry; or may be received by a taxpayer without any such prior notice. Types of Information Notice Information notices generally may be issued in the […]