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BITCOIN


Ben Elliott (Pump Court Tax Chambers) considers recent rulings and principles for the VAT treatment of cryptoassets and transactions taking place in virtual worlds.
This month’s private client update, by Edward Reed and Tristan Honeyborne (Macfarlanes).

In seeking a test that is predictable and easy to apply, HMRC will consider that the location of exchange tokens follows the jurisdiction of tax residence of the individual holder.

A crypto tax headache? 

Card image Ben Jones Andrew Henderson Kunal Nathwani James Burnie
Taxing token generation events (ICOs) is notoriously uncertain. Ben Jones, Kunal Nathwani, Andrew Henderson and James Burnie (Eversheds Sutherland) review some of the key issues.
 
Etienne Wong (Old Square Tax Chambers) answers a query on the VAT issues concerning investing bitcoins in an initial coin offering.
 

Anne Fairpo (Temple Tax Chambers) examines VAT in a blockchain world.

Robert Langston (Saffery Champness) answers a query on the taxation of investment profits in cryptocurrencies.
 
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