United Kingdom: Legislative change to the taxation of cryptoassets used in DeFi lending and staking transactions (DeFi transactions)
Progress
Current status
processing consultation
22 Jun 2023 processing consultation
27 Apr 2023 in consultation
Scope
Implementers
United Kingdom
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
platform intermediary: other
Government Branch
executive
Government Body
tax authority
Implementation Level
national
Timeline of events
Closed consultation on a legislative change to the taxation of cryptoassets used in DeFi lending and staking transactions (DeFi transactions)
On 22 June 2023, the public consultation closes on the HM Revenue and Customs (HMRC) legislative change to the taxation of cryptoassets used in DeFi lending and staking transactions (DeFi transactions). The HMRC notes that DeFi transactions are serv…
SourceEvent type
law
Action type
consultation closed
Government branch
executive
Government body
tax authority
Opened consultation on a legislative change to the taxation of cryptoassets used in DeFi lending and staking transactions (DeFi transactions)
On 27 April 2023, the HM Revenue and Customs (HMRC) opened a public consultation on a legislative change to the taxation of cryptoassets used in DeFi lending and staking transactions (DeFi transactions) until 22 June 2023. The HMRC notes that DeFi t…
SourceEvent type
law
Action type
consultation opened
Government branch
executive
Government body
tax authority