Simon's Taxes (formerly Simon's Direct Tax Service) previously maintained a table of foreign exchange rates, as published annually by the Inland Revenue for general use in converting foreign currency to sterling. The table provided averages for the year to 31st March and 31st December. The tabl...
Stablecoins: Pegged to stable assets like fiat currency or gold to maintain value. Tax treatment depends on the token's nature and use, not its type. Be aware that tax guidelines for utility and security tokens may differ, though this distinction is not explicitly clarified yet. Capital Gains...