Market News / Story
HMRC Proposes Extending Financial Institution Notice Powers to Crypto Service Providers
Binance News ·
Binance News reports: HMRC has proposed extending its financial institution notice powers to crypto asset service providers and updating rules for accessing computer records and software. According to Foresight News, HMRC said the reforms are intended to ensure it can obtain the information needed for tax collection, and any changes would include proportionate safeguards. British crypto tax software company Recap said the provider definition could cover entities that do not custody customer…