Cryptoasset Taxation

Erscheinungsjahr 2025
ISBN: 978-1-5265-2794-3
Verlag: Bloomsbury Professional

Buch, Englisch, 370 Seiten, Paperback, Format (B × H): 210 mm x 297 mm, Gewicht: 959 g

This publication provides clear and authoritative guidance on the tax issues surrounding cryptoassets in the United Kingdom. Cryptoassets are a type of digital asset. The most common examples are Bitcoin and Ethereum. HMRC do not consider cryptoassets to be money or that buying or selling them is gambling. This means that, in HMRC's view, profits or gains from buying and selling cryptoassets are taxable.

The authors are Ben Lee, Dion Seymour and Zoe Wyatt. Dion is the Crypto and Digital Assets Technical Director at Andersen. He was formerly the crypto-asset policy and product owner at HMRC. As well as advisory work in this area, he also speaks regularly on this subject. His co-author is Zoe Wyatt, Partner and Head of Crypto and Digital Assets, also at Andersen.

This is an evolving area in the UK and globally. It can be challenging for advisors dealing with business and individual clients to keep up with the pace of technical developments and the tax implications. The book helps readers understand HMRC's view by providing clear and practical guidance on the technology (including clear definitions of the technical terms), and the tax impact, including relevant case law. The commentary is enhanced by the inclusion of numerous examples as well as illustrative flowcharts and diagrams.

The book also outlines the compliance requirements including self assessment returns and penalties. The OECD regime will also be covered.

This book is be an authoritative and valuable tool for any advisors looking into this area for the first time.

Autoren/Hrsg.

Lee, Ben

Seymour, Dion

Wyatt, Zoe

Fachgebiete

• Rechtswissenschaften Ausländisches Recht Common Law (UK, USA, Australien u.a.)

Inhaltsverzeichnis

Introduction

Part A Crypto 101

1.Terminology

2. A (very) brief history of cryptoassets
3. Tax DL; TR

4. HMRC Guidance

5. Why cryptoassets are not money
6. What is Crypto?

7. Other consderations

PART B Tax Technical
1. Individuals

Part 1- Setting the Scene
Part 2 - Taxation
Part 3 - Case Studies

2. Businesses
Part 1 - Setting the Scene
Part 2 - Companies
Part 3 - Case Studies

3. Non-fungible tokens
Part 1 - Setting the Scene
Part 2 - Taxation
Part 3- Case Studies

4. Web3 and the Metaverse

Part 1 - Setting the Scene
Part 2 - Taxation
Part 3 - Case Studies

5. Decentralised Finance (DeFi)

Part 1 - Setting the Scene
Part 2 - Taxation
Part 3 - Case Studies

6. Decentralised Autonomous Organisations

Part 1 - Setting the Scene
Part 2 - Taxation
Part 3 - Case Studies
1. Compliance
Part 1 - Setting the Scene
Part 2 - Taxation Aspects
Part 3 - Case Studies

Über Autor(innen)

Lee, Ben
Ben Lee is a Partner within Andersen's crypto team and is a highly experienced and accomplished Chartered Accountant and Chartered Tax Advisor.

Ben Lee is a Partner within Andersen's crypto team and is a highly experienced and accomplished Chartered Accountant and Chartered Tax Advisor.

Dion Seymour is Crypto and Digital Assets Technical Director at Andersen UK. He was formerly the crypto-asset policy and product owner at HMRC. As well as advisory work in this area, he also speaks regularly on this subject.

Zoe Wyatt is a Partner and Head of Web3 & Disruptive Technology at Andersen UK.