In a recent article in newbusiness.co.uk, our crypto specialist Josh Pearce looks at ways in which crypto currencies are currently being used in business and how it’s not quite as simple as using fiat currencies such as GBP.
In the article, Josh discusses the implications for accepting, paying, remunerating staff and investing.
Read the whole article, including the future of crypto or get in touch for crypto advice.
Do HMRC know about my cryptoassets?
HMRC have been using its information-gathering powers to retrieve lists of investors from various exchanges over the past few years. HMRC have sent ‘nudge’ letters to investors to remind them they may need to pay tax. if you have received a letter please feel free to contact one of our experts to discuss.How we can help
We have an experienced team of crypto tax advisors familiar with the unique challenges relating to crypto trading and currency who can provide support with:- Calculating your taxable gains and losses
- Your annual HMRC filing obligations
- Undeclared crypto gains and disclosures
- Tax planning to ensure that your cryptoassets are properly structured
- Ensuring correct valuations are used for your cryptoasset disposals
- Tax efficient structures for Non-UK domiciled individuals
- HMRC tax disputes and investigations
- Business start-ups in the cryptosphere
Need more advice from a Crypto specialist accountant?
We have a lot of information about the UK tax situation for Crypto and NFT on our website which you may want to read before getting in touch.- Crypto tax FAQ
- Business start-ups in the cryptosphere
- Should I incorporate my crypto trading activities?
- Tax implications of being paid a salary in crypto
- Crypto Day Trading and Tax
- NFTs – the importance of planning
- Tax on crypto staking and lending
- Crypto Tax specialist services
- DAO – Digital Autonomous Organisations
- Ask our UK based crypto accountants for crypto tax advice
- Other crypto insights and services
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