Beginner’s guide to cryptoassets and tax compliance

The taxation of crypoassets and digital currencies is evolving as regulators try to get a grip on this fast moving, complex alternative to traditional hard currency. Ben Saunders CTA, tax writer at Croner-i, examines income tax and corporation tax compliance issues based on the current HMRC guidance

Since bitcoin was launched in 2009, cryptocurrency and blockchain have established themselves in the public’s awareness, even if only on the periphery. Bitcoin’s market capitalisation peaked in January 2018 shortly before it lost 50% of its value in 16 days, although its value has now recovered.

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