​Numerous changes are coming to the UK tax landscape. All at once. The introduction in the UK of the new OECD Crypto Asset Reporting Framework (CARF) requirements represents a significant change for the industry with international tax jurisdictional reach. Specific to the UK, stablecoin and Defi taxation is also changing, and dramatically in some places. For example, some stablecoins will no longer be treated as taxable property, signalling a seachange in policy, but also allowing the UK to leapfrog over other tax jurisdictions in this key area.

​As HMRC prepares for increased transparency and information exchange around cryptoassets, firms need to understand who falls within scope of CARF, what data they will be expected to collect, and how they should begin preparing their systems, processes and customers. As UK individual and business taxpayers and their advisors prepare for new taxation rules within the UK, all of these stakeholders need information on what records to keep, as well as what specific transactions and crypto assets will be affected. ​This webinar will explore the practical implications of CARF and HMRC reporting, including the challenges around data collection, customer identification, record-keeping, reporting and implementation.

​The discussion will also consider how these requirements sit alongside the UK's wider regulatory direction, including the forthcoming FCA cryptoasset regime, and what the combination of tax reporting and financial regulation could mean for firms operating in or entering the UK market.

​​Key discussion areas:

​CARF

• ​What it means and which businesses are likely to be affected

• ​How and what to prepare now

• ​Key implementation challenges

• ​How CARF interacts with UK tax reporting requirements

​Stablecoins

• ​What’s changing and why it’s important

• ​What’s different for individuals vs businesses

​DeFi

• ​What’s changing and why it’s important

• ​What’s different for individuals vs businesses

​General

• ​Where do all of these changes leave the UK globally?

• ​What else is CryptoUK still advocating for on behalf of the UK tax payer (and their advisors)?

​Speakers:

• ​Uswa Arif — Legal Associate, Crypto Accountants

• ​Louise Lane — Tax Director & Head of Crypto at Wright Vigar

• ​Robin Thatcher — Managing Director at By The Book Accountancy

• ​Suzanne Morsfield — CFO at Lukka & Tax Working Group Co-Lead at CryptoUK

• ​Nick Brooks — Policy Director and Tax Working Group Co-Lead at CryptoUK (Moderator)