United Kingdom: Opened consultation on a legislative change to the taxation of cryptoassets used in DeFi lending and staking transactions (DeFi transactions)
Description
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…
Scope
Policy Area
Taxation
Policy Instrument
Taxation, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), platform intermediary: other
Implementation Level
national
Government Branch
executive
Government Body
tax authority