United Kingdom: Closed consultation on a legislative change to the taxation of cryptoassets used in DeFi lending and staking transactions (DeFi transactions)
Description
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…
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