Taxation of cryptoassets

May 07, 2019

HMRC have published several guidance documents on the tax treatment of cryptoassets.

The guidance documents cover various issues including paying income tax and national insurance contributions when receiving cryptoassets from employment/mining, capital gains tax when selling/giving away cryptoassets and operating PAYE when paying employees with assets that can be sold/cashed in, such as stocks, shares or cryptoassets.

The following guidance is available:-