On 30 March 2021, UK HMRC published a new internal manual, Cryptoassets Manual. The manual is meant to help people understand the tax implications that can arise from transactions involving cryptoassets. Although written for HMRC staff, the manual may also assist taxpayers and their professional advisers in understanding HMRC's interpretation of the law as it relates to cryptoassets, including for individuals and businesses.
For businesses in particular, the manual covers several different …