Author Liang CHE
Source: Than push bitpush.news,
- Financial OneAccount is 40% off for listing in the US, is the second share of the blockchain worth looking forward to?
- Blockchain assets are becoming more mainstream, and two pension investments are doubling
- The Fairwin contract, which had accumulated $125 million, was cleared. Will you dare to play after three days of restarting?
- The ant blockchain is next to the city, helping the Yunnan Provincial Department of Finance to open the country's first blockchain electronic bill
- Eliminate the use of child labor! Volvo uses blockchain to track the whole process of cobalt production in electric vehicle battery
- Analysis: Why is Zcash, which is favored by V God, the worst performer among the three major anonymous coins?
The guide clarifies the status of capital gains tax, corporate tax, national insurance, income tax and other taxes. The HMRC states that it generally does not consider cryptocurrencies such as Bitcoin as currency or "stocks or securities", which largely exempts stamp duty on these cryptocurrencies. However, according to the guidelines, tokens used for debt transactions are still subject to stamp duty.
HMRC also requires companies to keep records of cryptocurrency transactions in pounds sterling, and to keep valuation records of those transactions. It also wants businesses to record the amount spent on each type of transaction token.
HMRC previously issued a tax guide for cryptocurrencies targeted at individuals in December 2018, which clarified several tax issues related to airdrops, forks and mining. The 2018 guidelines also require individuals to keep records of sterling for each cryptocurrency transaction.
This year the British Financial Conduct Authority (FCA) also released a crypto asset supervision guide, which classifies real cryptocurrencies such as Bitcoin and Ethereum as "transaction tokens". Although applicable to anti-money laundering rules, it is not regulated .
Reprint must indicate the source.
Disclaimer: All articles in Bibei represent the views of the author and do not constitute investment advice. Investment is risky and risky.