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Help with VAT on cryptoassets — GfC21
Find out how UK VAT applies to cryptoasset activities, including when to register, place of supply rules and record‑keeping.
These guidelines explain how UK VAT applies to businesses that sell, exchange, or facilitate cryptoasset transactions.
These guidelines will help you understand:
- how VAT applies to cryptoassets
- when you may need to register for VAT
- what customer information you need
- who must account for VAT
You should use these guidelines and the links to HMRC’s VAT guidance to help make informed VAT decisions.
Following these guidelines will help you reduce the risk of mistakes, VAT adjustments and penalties.