CARF Is Coming: Preparing for HMRC Reporting and the UK’s New Crypto Regulatory Landscape

​The introduction of the Crypto-Asset Reporting Framework (CARF) represents a significant change in the reporting obligations facing the digital asset sector. As HMRC prepares for increased transparency and information exchange around cryptoassets, firms need to understand what data they will be expected to collect, who falls within scope, and how they should begin preparing their systems, processes and customers.

​This webinar will explore the practical implications of CARF and HMRC reporting, including the challenges around data collection, customer identification, transaction 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:

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

• ​What information firms will need to collect and report to HMRC

• ​Preparing systems, data and compliance processes

• ​Implications for customers and cryptoasset holders

• ​Key implementation challenges for exchanges, platforms and service providers

• ​How CARF interacts with existing UK tax reporting requirements

• ​The FCA cryptoasset regime and the wider direction of UK regulation

• ​What firms should be doing now to prepare

​Speakers:

• ​Uswa Arif — Legal Associate, Crypto Accountants

• ​Daniyal Niazi — Data Analyst, Crypto Accountants

• ​Nick Brooks — Policy Director, CryptoUK