Helen Thornley, a technical officer at the Association of Taxation Technicians, told This is Money she thinks the move to explicitly include crypto assets in the form ‘makes sense’.
HMRC stressed that the Statement of Assets form has always required people to detail a complete account of all assets, wherever they are in the world and however they are held.
‘People have to be really careful about filling in forms like this properly as they can be prosecuted if they do not’, tax expert Ms Thornley told This is Money.
‘Some assets like Black Market Pesos are almost exclusively used by organised crime but criminal proceeds flow through relatively mainstream assets like Bitcoin at a rate that some find alarming.
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