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In the UK, there's a lingering belief among some crypto enthusiasts that their transactions exist in a sort of no-man's land, invisible to the prying eyes of Her Majesty's Revenue and Customs (HMRC). Is this really true?
We have become aware that cyber-criminals may be planning a sophisticated phishing scam targeting some Summ (formerly Crypto Tax Calculator) users. This requires your immediate and urgent attention.
The DeFi space is evolving quickly and it can be hard to keep up with all the new ideas. What can be even harder is knowing what taxes you owe depending on what protocols you use. This DeFi tax guide covers all the major protocols and how they impact your tax, it also covers the general principles laid out my the tax office to guide you when a new protocol pops up.