Crypto
Posted 01st Nov 2024 in News, Crypto
Autumn 2024 Budget Changes for Crypto Investors
Immediate CGT increases for crypto investors Changes to the rates of capital gains tax were expected and most crypto investors will heave a sigh of relief to see the increase is...
Posted 08th Aug 2024 in News, Advice, Crypto
HMRC's Latest Crypto Nudge Letters are not to be ignored: What You Need to Know
HMRC is sending out a new round of "nudge" letters about cryptoasset transactions. If you get one, don't panic, but definitely don't ignore it either! It's crucial that you understand...
Posted 19th Apr 2024 in News, Advice, Crypto
Be aware of tax obligations when investing in cryptoassets
The Chartered Institute of Taxation (CIOT) and its Low Incomes Tax Reform Group (LITRG) have issued a press release today warning Cryptoasset investors to keep up-to-date records to ensure they...
Posted 27th Feb 2024 in News
Crypto Tax Year End Planning Tips
As we near the end of tax year, below are some tips and guidance to assist you in being proactive in managing your crypto tax liability. Transactions will need to...
Posted 27th Feb 2024 in News
Cryptoasset Tax Loss Harvesting
The end of the 2023/24 tax year is approaching and below are some thoughts about being proactive in managing your crypto tax liability. Transactions will need to be executed by...
Posted 11th Jan 2024 in News, Advice
Self-Assessment Tax Returns for Crypto
Individuals who have acquired, sold, or traded cryptoassets may be liable for income tax or capital gains tax (CGT), which must be disclosed in a self-assessment tax return due by...
Posted 25th Oct 2023 in News, Advice
Understanding UK Crypto Tax Filing for 2022/23
Understanding UK Crypto Tax Filing for 2022/23 Many crypto investors in the UK will file a tax return for the first time for the tax year 2022/23. Whether you are a...
Posted 05th Jul 2023 in News, Advice
Why HMRC’s crypto tax DeFi proposals fall short of the mark
Read the latest article in the Tax Journal written by Dan Howitt of Recap.io (our crypto tax software partners), discussing the shortcomings of HMRC's proposed crypto tax framework for cryptocurrencies,...
Posted 23rd Jun 2023 in News, Advice
Our Response to the HMRC DeFi Crypto Tax Consultation
In addition to contributing to the CryptoUK response to the HMRC DeFi tax consultation we have collaborated with Recap our crypto tax software partner, to submit our own representations.Highlights of...
Posted 20th Jun 2023 in Advice
Crypto Asset Reporting Framework
Our partners over at Recap.io have written an article ‘Crypto Asset Reporting Framework: Industry experts share the potential impact of new regulations’ after polling crypto experts, including our Head of...
Posted 09th Jun 2023 in News, Advice
The Crypto and Digital Assets APPG publishes report on UK Crypto and Digital Assets sector
In a very positive move for the UK crypto industry, the Crypto and Digital Assets Group, an All Party Parliamentary Group (APPG) comprising MPs and Lords in the UK Parliament,...
Posted 02nd May 2023 in News, Advice
Proposed Changes to DeFi Crypto Tax Rules
Yesterday HMRC issued a consultation on the taxation of DeFi activity in cryptoassets (such as staking and lending). This applies equally to similar activity done through an intermediary (ie CeFi...
