IEIM8000730 | Cryptoasset Reporting Framework: Partner and Reportable Jurisdictions: Reporting on UK tax resident cryptoasset users

UK RCASPs are required to undertake reporting and due diligence on UK tax resident cryptoasset users. This means that where a UK RCASP identifies a UK tax resident cryptoasset user during the due diligence process, the UK RCASP should report the information outlined in IEIM8000500 to HMRC.

Example

Memecoin Limited is a UK RCASP who onboards a new cryptoasset user in June 2026. During the due diligence process, Memecoin Limited identify the new cryptoasset user as being tax resident in the UK. The UK is not a partner or a reportable jurisdiction for the CARF, however the UK has implemented domestic reporting for the CARF. Memecoin Limited must report the information outlined in IEIM8000500 to HMRC by 31 May 2027.