Introduction
This session will take you through the market trends that ignore cryptoasset prices and gets down the fundamentals of user adoption growth, trading volumes and several historical references to demonstrate crypto is here to stay. And that every accountancy practice needs to be ready for mass consumer adoption.
Key features
- What is crypto? - How did it start, and why crypto is a paradigm shift.
- The crypto market - Ignore price - the noise. Follow the signal of user adoption and network effects.
- How is crypto taxed in the UK and what activity to expect.
- How can software help you calculate your taxes.
- Get ready! The impending crypto tax storm - a summary of tax pressure globally, HMRC actions and the OECDs proposed Cryptoasset reporting framework.
What you will learn
- An in-depth understanding of why cryptoassets are a revolutionary technology on par with the other technological advances such as mobile phones and the internet.
- An indication of how many cryptoasset users will be in the UK over the next 5-10 years.
- A key understanding of how cryptoassets are taxed in the UK, and how this is balanced against the government's ambition to be a global Crypto hub.
- How software can help you and your practice become crypto-ready.
Speaker
Dan Howitt has participated in Cryptoasset round table events chaired by HMRC and also helped in the consultation of the OECD's proposed Cryptoasset Reporting Framework and CryptoUK's response to HMRC's Defi guidance published February 2022.