The Cryptocurrency Market
Unlike many accountancy firms in the UK we are taking on cryptocurrency tax clients. Cryptocurrencies are a fairly recent phenomenon with many more individuals getting involved in these. Despite this; the tax treatments are not commonly known and HM Revenue & Customs (HMRC) have limited published guidance at this time, although they have announced they will be publishing more information at some point. With not many accountants wishing to offer cryptocurrency accountancy services, we have had numerous enquiries from all around the UK and further afield regarding the UK cryptocurrency market and tax treatment. Most days we are hearing from individuals seeking advice about the cryptocurrency market and assistance with their HMRC compliance.
PLEASE NOTE WE ARE NOW ONLY TAKING ON NEW INSTRUCTIONS ON A CASE BY CASE BASIS. WITH THE 31 JANUARY DEADLINE NOT FAR AWAY IT WILL DEPEND ON THE LEVEL OF WORK INVOLVED. WE MAY BE ABLE TO HELP YOU AVOID A FINE AND COMPLETE IT IN FEBRUARY.