Chapter CRYPTO42300

Record NumberCRYPTO42300
Published date30 March 2021

Under Part 7A of the Income Tax (Earnings and Pensions) Act 2003, if exchange tokens are provided to an employee by a third party, an Income Tax charge may arise.

The employer is required to account to HMRC for the Income Tax due through the operation of PAYE when exchange tokens are provided as employment income. The amount of PAYE income on which the employer must account for Income Tax is based on the best estimate that can reasonably be made. More information is in EIM45000.

For National Insurance contributions purposes, if...

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