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#Post#: 494--------------------------------------------------
HMRC Crypto Taxation Guidelines at a Glance - United Kingdom
By: AlexaneJohnson Date: November 11, 2019, 6:40 am
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[center]Following publication of new crypto taxation guidelines
by the United States Internal Revenue Services; the UK has
followed suit by updating its cryptocurrency taxation regulation
for individuals and businesses.
[/center]
[center][img width=400
height=222]
HTML https://s3-ap-southeast-2.amazonaws.com/www.cryptoknowmics.com/crypto/wp-content/uploads/2019/11/hm-rev.jpg[/img]
[/center]
[center]The United Kingdom’s tax payments and customs authority,
Her Majesty’s Revenue and customs; updated the policy paper
taking a rather conservative approach. In fact, the policy
stands in line with taxation guidelines from other countries.
HMRC went ahead to explicitly state that it will not consider
crypto as a currency , hence the policy paper adapted the term
‘crypto-assets’ rather than cryptocurrency.
[/center]
[center]source>>
HTML https://www.cryptoknowmics.com/news/hmrc-crypto-taxation-guidelines-at-a-glance-united-kingdom[/center]
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