US EditionHow HMRC treats cryptoassets disposed of by businesses - M J Bushell
Summary by M J Bushell
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How HMRC treats cryptoassets disposed of by businesses - M J Bushell
Cryptoassets make up a growing portion of the market, and businesses are increasingly looking to take advantage of these digital currencies. If your business carries out activities involving the exchange of cryptoassets, then you are liable to pay tax on them. However, understanding how HM Revenue & Customs (HMRC) treats cryptoassets for tax purposes can be tricky. Here is what you need to know about how HMRC taxes cryptoassets for corporates. D…
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