CARF and CRS 2.0: preparing your first cryptoasset tax return
ArticleCARF and CRS 2.0 introduce cryptoasset tax reporting and stricter HMRC penalties. With the first filing deadline on 31 May 2027, we look at key considerations for firms.
13 Mar 202445 min listen

The FCA has published an insight setting out examples of good and bad practice that it has observed in firms' implementation of the Consumer Duty.
David Morrey and Ben Farmer discuss the FCA’s thematic feedback on the implementation, highlighting good and bad practices. Other developments discussed include: the FCA’s intervention in the GAP insurance market, the PRA’s sector letters for insurance and banking, and a significant consultation on how the FCA Enforcement approach could change.
CARF and CRS 2.0 introduce cryptoasset tax reporting and stricter HMRC penalties. With the first filing deadline on 31 May 2027, we look at key considerations for firms.
Market abuse regulation is under growing FCA scrutiny. A strong market abuse risk assessment, surveillance framework, and robust STORs will strengthen your controls.
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