a retrospective tax rebate has been resisted by HM Revenue & Customs. The tax claim is being made by the charity because of a case that involved the Children's Society in 2005 which set a precedent that enables third sector groups to reclaim VAT incurred on fundraising for unrestricted income...
Negligible Value Claim: If the private key is irrecoverable, you may file a negligible value claim. If HMRC accepts, it treats the tokens as disposed of and reacquired at negligible value, allowing you to realize a loss for tax purposes. For detailed information, refer to HMRC guidance documen...