Policy paper setting out HMRC's view on how individuals who have cryptoassets (or cryptocurrency) are taxed. It explains what cryptoassets are, which taxes apply with detailed discussion of income tax and capital gains tax, cryptoassets received as earnings, and record keeping.
Blockchain useful links
Links to guidance and information from external websites on blockchain and distributive ledger technology.
Guidance and reports
Financial Reporting Lab report that considers how current developments and use-cases of blockchain technology might impact corporate reporting processes in the future.
Industry presentation what you need to know about blockhain by Areiel Wolanow, Managing director of Finserv Experts.
Report provides an empirical overview of the current state of both enterprise and public sector use of blockchain and distributed ledger technology (DLT). Data was gathered from over 200 enterprise DLT start-ups, established corporations, central banks and other public sector institutions. The concept of ‘blockchain’ and DLT is also explained and the different DLT architectures and governance-related issues are examined.
This guide from the Hogan Lovells law firm provides some of the fundamental tools needed to analyse blockchain projects under applicable data protection law.
Report from FINRA (Financial Industry Regulation Authority of the United States) provides an overview of distributed ledger technology, highlights some key applications being explored in the securities industry and potential impact of the technology, and discusses key implementation and regulatory considerations for broker-dealers.
The future of financial infrastructure: an ambitious look at how blockchain can reshape financial services
The report builds upon the findings from Deloitte/World Economic Forum report Disruptive Innovation in Financial Services and looks at the impact of implementing distributed ledger technology across nine sectors of financial services. The report looks at cases studies, considering how distributed ledger technology could benefit each scenario.
Government Office for Science review (The Blackett Review) on the future of distributed ledger (or blockchain) technology.
Deloitte blockchain hub, with press releases, articles, features, case studies and reports.
Computerworld news and features on blockchain and related cryptographically secure ledger technologies.