Cryptocurrency Tax Advice
Unfortunately due to high demand for our services, we cannot currently take any further Cryptoasset enquiries, as we look to prioritise existing clients. We hope to be able to review this in November. Click here for an article for share traders which has elements relating to cryptoasset taxation.
Unlike many accountancy firms in the UK we are taking on cryptocurrency tax clients and have been doing so since 2017. Cryptocurrencies are becoming increasingly popular as part of an investment portfolio for individuals. Despite this, the tax treatments are not commonly known and it is always important to have an understanding of tax before making such investments. HM Revenue & Customs (HMRC) issued more comprehensive guidance in December 2018, which can be found here. This follows our interpretation of the taxation laws for cryptocurrencies before HMRC published this document.
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.
Our team are found here and are all based at our address in the UK. We do not support outsourcing unlike some other firms.