HMRC has published guidance clarifying how VAT applies to cryptoasset transactions and activities in the UK. The guidance covers key compliance areas including when businesses must register for VAT, how to determine the place of supply for cryptoasset services, and what records must be maintained. This resource aims to help businesses operating in the cryptoasset sector understand their VAT obligations and avoid compliance issues.
Source: HMRC (GOV.UK) – Read the original