Press Room

19 May 2023

Ben Lee comments on UK crypto regulation in the FT

Ben Lee, Crypto Tax Partner, comments on the tax implications of the TSC’s report proposing that crypto be regulated as gambling, in the Financial Times. 

Ben’s comments were published in the Financial Times, 19 May 2023.

“Winnings from gambling are generally tax free, and the report is conspicuously silent on the possible impacts that this may have on the established approach to the taxation of cryptoassets.

“HMRC has sought to educate investors that cryptoassets are not tax free, and this may create uncertainty as to whether this position is still correct.”

Ben Lee

Ben is a Partner within Andersen’s crypto team and is a highly experienced and accomplished Chartered Accountant and Chartered Tax Advisor. With a strong focus on digital assets, Ben is committed to providing individuals and companies with expert accounting and taxation services in this rapidly evolving landscape.

Email: Ben Lee