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. With not many accountants wishing to offer cryptocurrency accountancy services, we have had numerous enquiries from around the UK regarding the cryptocurrency tax treatment. Most days we are hearing from individuals seeking advice about the cryptocurrency market and assistance with their HMRC compliance.