UHY Ross Brooke Chartered Accountants
Homer Simpson would be holding his head at this mistake, with Doh! or even Dough! an inadequate response. What’s Bitcoin Pizza Day? In 2010, Bitcoin and cryptocurrency were hardly spoken of, and few people could have foreseen their future. Laszlo Hanyecz from Florida is one unlucky man. On May 22
Should I incorporate my crypto trading business? As a firm of crypto specialist accountants, that is a question we are being asked more and more frequently. So how would we go about answering that? Income tax or CGT on crypto trading? Firstly a reminder that in HMRC eyes, individuals who
The government announced last week moves that will see ‘stablecoins’ recognised as a valid form of payment as part of wider plans to make Britain a global hub for cryptoasset technology and investment. In brief: Stablecoins are to be brought within regulation, paving their way for use in the UK
“As someone with a keen interest in the subject I was very interested to read the Government’s announcements concerning blockchain and cryptocurrencies this week.”, says Chris Davies, partner in our Newbury office “In particular that stablecoins will be brought within regulation with a view to being widely accepted as a
We’re being asked with increasing frequency to help businesses considering setting up a business, how it would work in the crypto space. Although we are entering a brave new world, many of the considerations are the same, whether a business is started up and run under DeFi or more traditional
HMRC have started to send letters to holders of cryptoassets asking them to check that they have paid the correct amount of tax on their investments. HMRC have been gathering information on crypto investors over the last couple of years. HMRC have said that they are taking an ‘educational approach’
Developments in the world of blockchain and crypto currency move fast and much has changed since HMRC’s original guidance on the subject of crypto currency published in 2014. In that original guidance there was a suggestion that dealing in crypto currency was so risky that it could be compared to