OpenLegislation

Regulation 2 InterpretationI1C1

United Kingdom

(1)

In these Regulations—

  • “HMRC” means His Majesty’s Revenue and Customs;

  • “the rules” means the rules and commentary set out in the OECD Crypto-Asset Reporting Framework, published in 2022, as modified, supplemented or replaced from time to timef1;

  • “self-certification provider” means an individual cryptoasset user, an entity cryptoasset user or a controlling person of an entity cryptoasset user who has received a request from a UK reporting cryptoasset service provider to provide a self-certification;

  • “tribunal” means the First-tier Tribunal or Upper Tribunal as determined under Tribunal Procedure Rulesf2;

  • “UK reporting cryptoasset service provider” has the meaning given by regulation 3.

(2)

Any expression defined in the rules but not in these Regulations has the same meaning in these Regulations as in the rules.

(3)

The Schedule contains a table listing places where expressions that are used in these Regulations are defined or otherwise explained in the rules.

(4)

In their application for the purposes of these Regulations, the rules are to be read as if—

(a)

a reference to a “calendar year or other appropriate reporting period” were a reference only to a calendar year,

(b)

a reference to “[jurisdiction]” were a reference to the United Kingdom,

(c)

the list referred to in (b) of Section IV(D)(9)(b) (definition of reportable jurisdiction) is the list contained in a notice published by the Commissioners for HMRC further to this regulation, and

(d)

the list referred to in Section IV(F)(1) (definition of partner jurisdiction) is the list contained in a notice published by the Commissioners for HMRC further to this regulation.

Annotations

Modifications

C1

Reg. 2 applied (18.3.2026) by Finance Act 2026 (c. 11), s. 275(3)

Commencement

I1

Reg. 2 in force at 1.1.2026, see reg. 1

Footnotes

f1

The OECD Crypto-Asset Reporting Framework, first published in 2022 and subsequently amended in June 2023 and October 2023, is available at https://doi.org/10.1787/896d79d1-en and a hard copy is available for inspection at the offices of HMRC at 14 Westfield Avenue, Stratford, London E20 1HZ.

f2

As to which see section 22 of the Tribunals, Courts and Enforcement Act 2007 (c. 15).