Shaping the Future of Digital Asset Taxation in the UK
As the regulatory landscape for crypto and digital assets evolves, the need for informed and effective engagement with HMRC, HMT, the Treasury Select Committee, and international bodies like the OECD has never been greater. CryptoUK’s Tax Working Group brings together industry experts in law, tax, and regulation to advocate for transparent, fair, and forward-thinking crypto tax policies. Through collaboration, education, and direct engagement, we aim to shape a regulatory environment that fosters innovation while ensuring clarity and compliance for businesses and individuals navigating digital asset taxation in the UK.
Working Group Leads
Laura Knight
Director
Knightbridge Tax
Dion Seymour
Crypto and Digital Assets Technical Director
Andersen
Dan Howitt
Co-Founder
recap.io
Joe David
Founder & MD
Nephos Group
Primary Objectives
Engage with Authorities
Establish an ongoing dialogue with HMRC, HMT, TSC, and the OECD to provide expert insights on digital asset taxation.
Clarify Tax Regulations
Define and communicate the fundamental principles of crypto taxation, including capital gains, income tax, and other tax obligations.
Promote Best Practices
Develop industry standards and best practices for tax compliance across wallets, exchanges, and decentralised finance (DeFi) platforms.
Advocate for Fair Tax Policy
Influence the development of proportionate and innovation-friendly tax policies that support the growth of the UK’s digital asset sector.
Educate the Ecosystem
Provide resources and guidance to businesses, investors, and policymakers to enhance understanding of crypto tax implications.
Monitor International Developments
Track global regulatory trends and contribute to international discussions on digital asset taxation.
Develop Practical Tax Tools
Identify and promote tools and frameworks that assist individuals and businesses in efficiently managing their crypto tax obligations.
Respond to Consultations
Provide coordinated industry responses to government and regulatory consultations to ensure a balanced and informed approach to crypto taxation.
Support Compliance and Innovation
Ensure that tax compliance measures do not stifle innovation, helping businesses navigate requirements while fostering industry growth.
Recent publications from our working groups
CryptoUK Supports Call for Urgent Reform of Crypto and Digital Asset Taxation to Foster UK Innovation
CryptoUK welcomes the letter presented by member firm and UK tax thought leader, Recap and its CEO, Dan Howitt, to […]
CryptoUK and Members Respond to House of Lords Special Public Bill Committee – Call for Evidence on the Property (Digital Assets etc) Bill
CryptoUK (“we”, “our”) and its members welcome the opportunity to provide evidence to the Special Public Bill Committee on the […]
CryptoUK Responds to HMT Call for Evidence on a Financial Services Growth and Competitiveness Strategy
CryptoUK welcomes the opportunity to respond to the Call for Evidence on a growth and competitiveness strategy for the UK’s […]
CryptoUK and Members Respond to the House of Lords Inquiry into the Secondary International Competitiveness and Growth Objectives for the FCA & PRA
CryptoUK (“we”) and its members welcome the opportunity to comment on the Call for Evidence – Inquiry into the secondary […]
CryptoUK and Members Respond to the Bank of England “Approach to Innovations in Money and Payments” Discussion Paper
CryptoUK (“CUK”, “we”) and its members welcome the opportunity to comment on the Discussion Paper regarding the Bank of England’s […]
CryptoUK and Members Autumn Budget 2024 Stakeholder Representation – 10 September 2024.
Introduction In anticipation of your forthcoming Autumn Statement 2024, CryptoUK would like to offer perspectives that reflect the interests of […]
CryptoUK and members respond to the HMT consultation on improving the effectiveness of the Money Laundering Regulations.
CryptoUK (“CUK”, “we”) and our members welcome the opportunity to comment on possible improvements to the effectiveness of the Money […]
CryptoUK and members respond to the Bank of England and the Financial Conduct Authority joint consultation on proposals to implement and operate the Digital Securities Sandbox(DSS).
The Bank of England’s (the “Bank”) and the Financial Conduct Authority’s (“FCA”) (collectively, the “Regulators”) joint consultation paper (“Consultation Paper”) […]
CryptoUK and members respond to HMRC Consultation: UK implementation of the OECD Crypto asset Reporting Framework (CARF) and Amendments to the Common Reporting Standard (CRS2)
His Majesty’s Revenue and Customs (HMRC) consultation document (condoc) consults on the UK’s implementation of the OECD’s Cryptoasset Reporting Framework […]
CryptoUK’s Travel Rule Working Group Responds to the FATF’s Recommendation 16 on Payment Transparency
CryptoUK (“CUK”, “we”) and its members welcome the opportunity to comment on the FATF’s ‘Explanatory Memorandum and Draft Revisions to […]
Ready to participate?
CryptoUK’s Tax Working Group works closely with HMRC, policymakers, and industry stakeholders to develop fair and transparent tax policies for crypto and digital assets. By joining, you’ll gain direct insights into regulatory changes, contribute to policy discussions, and help advocate for a tax framework that supports industry growth and innovation. Enquire about joining the working group and make an impact on the future of crypto taxation.