UK: Consultation on cryptoasset reporting framework (CARF) and CRS amendments

The consultation will run from 6 March 2024 to 29 May 2024.

The consultation will run for 12 weeks, from 6 March 2024 to 29 May 2024.

HMRC on 6 March 2024 issued a consultation regarding the implementation of the OECD cryptoasset reporting framework (CARF) and amendments to the common reporting standard (CRS) regulations.

The consultation aims to gather feedback on the optional or discretionary elements (not the main rule or commentary) in the OECD framework for CARF and amendments to the CRS, including the potential impact of extending domestic reporting.

The consultation document is to be read in conjunction with the OECD CARF framework and will run for 12 weeks, from 6 March 2024 to 29 May 2024.

Read a March 2024 report [PDF 231 KB] prepared by the KPMG member firm in the UK



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