Nothing in this paper is to be regarded as advice, let alone advice on investment in securities; it is the author’s personal opinion and to assist in the explanation of the topic. Just before Christmas 2018, HMRC dropped their views on the taxation of individuals investing in cryptoassets on to the internet[1].  It caught many

NB this is a review of the first draft published on 14th November 2018.  Small changes have been made since, for example the “20XX” date is now 2022. Executive Summary This is not Brexit. Certainly not on 29 March 2019. Statements from the PM in the media to that effect are being economical with the

1. General Points 1.1. Given the outcomes of previous reviews and OTS reports, one cannot help but see this is another attempt to increase taxes in the name of “fairness”. We would challenge HMRC to buck the trend and confound the cynics. 1.2. The document is misguided in some of its fundamentals. 1.2.1. First, this

Whilst there are still many important issues to resolve in the agreement for the UK’s withdrawal from the EU, it is fairly clear given statements made by M. Barnier that there is very little prospect of the UK keeping the benefit of EU tax measures, such as the Royalties and Interest Directive and the Parent