United Kingdom: Investment Manager (Investment Transactions) (Cryptoassets) Regulations 2022 exempting crypto-assets transactions from taxation

Progress

Current status
in force
01 Jan 2023 in force
20 Dec 2022 adopted
18 Jul 2022 processing consultation
23 May 2022 in consultation

Scope

Implementers
United Kingdom
Policy Area
Taxation
Policy Instrument
Taxation, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
tax authority
central government
Implementation Level
national

Timeline of events

01 Jan 2023
in force

Implemented Investment Transactions List expansion to exempt crypto-assets transactions from taxation

On 1 January 2023, the Investment Manager (Investment Transactions) (Cryptoassets) Regulations 2022 are implemented. The Regulations were published by Commissioners for His Majesty's Revenue and Customs (HMRC) of the United Kingdom on 20 December 2…

Source
Event type order
Action type implementation
Government branch executive
Government body tax authority
20 Dec 2022
adopted

Adopted Investment Transactions List expansion to exempt crypto-assets transactions from taxation

On 20 December 2022, the Commissioners for His Majesty's Revenue and Customs (HMRC) of the United Kingdom adopted the Investment Manager (Investment Transactions) (Cryptoassets) Regulations 2022. The Regulations include the transactions that fall un…

Source
Event type order
Action type adoption
Government branch executive
Government body tax authority
18 Jul 2022
processing consultation

Consultation closed on Investment Transactions List expansion to exempt crypto-assets transactions from taxation

On 18 July 2022, the United Kingdom Government (UK) closed its consultation on the expansion of the Investment Transactions List (ITL), including the addition of crypto-assets, until 18 July 2022. The ITL includes the transactions that fall under th…

Source
Event type order
Action type consultation closed
Government branch executive
Government body central government
23 May 2022
in consultation

Consultation opened on Investment Transactions List expansion to exempt crypto-assets transactions from taxation

On 23 May 2022, the United Kingdom Government (UK) closed its consultation on the expansion of the Investment Transactions List (ITL), including the addition of crypto-assets, until 18 July 2022. The ITL includes the transactions that fall under the…

Source
Event type order
Action type consultation opened
Government branch executive
Government body central government