Articles
A consultation was announced in the Budget today proposing the introduction of a new crypto asset Reporting framework (“CARF”). The new standard addresses tax non-compliance through the use of crypto assets and is being legislated alongside an update to the... Read more
A consultation was announced in the Budget today proposing the introduction of a new crypto asset Reporting framework (“CARF”).
The new standard addresses tax non-compliance through the use of crypto assets and is being legislated alongside an update to the Common Reporting Standard (“CRS2”) which updates the framework on offshore accounts.
The rules for these new frameworks have been agreed as announced at the time of the Autumn Statement in an International Joint Statement but the consultation invites views on the practical implementation and the proposal thereof.
The consultation runs until 29 May 2024.
THE AUTHOR
Partner, Corporate Tax
More & Other Musings
View all related contentNEW Articles23 Jul 2024
Self-employed workers will see a substantial reduction in their Class 4 national insurance contributions (NICs) for the current tax year after two percentage cuts were announced in the 2023 Autumn Statement and 2024 March Budget.
NEW Articles23 Jul 2024
Companies without a digital invoice processing system in place are leaving themselves open to invoice fraud. Over the past year, nearly a third of businesses have been targeted.
NEW News22 Jul 2024
We are excited to announce that Alliotts’ Guildford office is moving into new premises.
NEW Articles19 Jul 2024
For 2022/23, the tax gap has increased to a record £39.8 billion, with small businesses being blamed for around 60% of uncollected taxes.
NEW Articles17 Jul 2024
With a majority of over 200 and a weight of expectations, what happens next for Sir Kier Starmer’s new Labour government?