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Another Step Nearer for CARF in the UK

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As announced in the United Kingdom’s Spring Budget for 2024, delivered by the Chancellor of the Exchequer on 6th March, the UK government has published a consultation to seek views on the implementation of the OECD’s flagship transparency standard to help combat criminal activity using crypto-assets to evade taxation – the Crypto-Asset Reporting Framework (the “CARF”). The CARF was previously covered in the article “Update: OECD Crypto-Asset Reporting Framework” published in BrassTax on November…
By: Cadwalader, Wickersham & Taft LLP
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