UK to join Crypto-Asset Reporting Framework
[ad_1] The UK government has released a joint statement, along with 47 other countries, to implement new transparency and information sharing requirements in respect of crypto-asset platforms by 2027. The Crypto-Asset Reporting Framework (CARF) is an OECD transparency standard agreed by multiple jurisdictions in March 2023. The joint statement published on 10 November solidifies the […]
ICAEW considers taxation framework for decentralised finance
[ad_1] The Tax Faculty supports implementing a regime for taxation of decentralised finance (DeFi) involving the lending and staking of cryptoassets. However, it is vital that any regime is simple for individual investors to understand and abide by. Following HMRC’s previous call for evidence on the taxation of DeFi lending and staking, its further consultation […]
The Windsor Framework: VAT and duty implications
[ad_1] The Windsor Framework, amending the Northern Ireland Protocol, includes changes to rules for movements of goods from Great Britain into Northern Ireland. ICAEW’s Tax Faculty sets out the VAT and duty implications. On Monday 27 February, the UK and the EU agreed a deal in principle to make changes to the Northern Ireland Protocol. […]