Richard Sultman and Laura Mullarkey (Cleary Gottlieb Steen & Hamilton) consider HMRC’s new manual that sets out a more comprehensive and coordinated approach.
In 2020 UK fintech revenues grew to £11bn (representing 10% of global market share) and investment into UK fintech to $4.1bn (more than the next five European countries combined) (according to the Kalifa Review of UK fintech 26 February 2021). Furthermore a significant proportion of the UK population has now purchased cryptocurrencies: around 13% (according to a January 2021 report by Gemini) or 19% (according to a February 2021 survey by Finder) up from just 3% in 2019 (according to figures from the Financial Conduct Authority). Meanwhile the government has regularly repeated its aim for the UK to ‘maintain its position’ as a world leader in fintech and in April it launched a new taskforce between the Treasury and Bank...
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Richard Sultman and Laura Mullarkey (Cleary Gottlieb Steen & Hamilton) consider HMRC’s new manual that sets out a more comprehensive and coordinated approach.
In 2020 UK fintech revenues grew to £11bn (representing 10% of global market share) and investment into UK fintech to $4.1bn (more than the next five European countries combined) (according to the Kalifa Review of UK fintech 26 February 2021). Furthermore a significant proportion of the UK population has now purchased cryptocurrencies: around 13% (according to a January 2021 report by Gemini) or 19% (according to a February 2021 survey by Finder) up from just 3% in 2019 (according to figures from the Financial Conduct Authority). Meanwhile the government has regularly repeated its aim for the UK to ‘maintain its position’ as a world leader in fintech and in April it launched a new taskforce between the Treasury and Bank...
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