Home Business UK digital companies tax targets crypto exchanges By Cointelegraph

UK digital companies tax targets crypto exchanges By Cointelegraph

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A current replace to Her Majesty’s Income and Customs (HMRC) rules has launched a digital companies tax that might be levied on cryptocurrency exchanges working in the UK.

Crypto exchanges within the U.Okay. will now should pay a 2% digital companies tax based on a Telegraph report. Britain’s tax authority, HMRC, doesn’t acknowledge digital property as monetary devices, and subsequently, exchanges are ineligible for monetary exemptions.

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