Taxation

This category contains 45 posts

Capital Gains Tax and Crypto Currencies (UK)

When you dispose of cryptoassets (the term HMRC prefers) such as bitcoin, you may need to pay capital gains tax if your gains take you above the annual exempt amount, currently £12,300. The tax year runs from 06 April to 05 April of the following year. WHAT IS A DISPOSAL? Selling your tokens Exchanging your … Continue reading

Update: Self-Employment Income Support Scheme (SEISS)

For the upcoming SEISS grant claims this month (April 2021), HMRC has been contacting some customers to confirm their eligibility. These customers are being asked to provide proof of ID and trade. Passport or driving licence are acceptable plus three months bank statements from their business accounts for the 2019-20 tax year. From mid April, … Continue reading

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