Taxation

This category contains 46 posts

Based in the UK and (thinking of) getting paid in Crypto?

Cryptocurrency received for services you provide is ‘income’ and may be liable to tax and national insurance contributions (NIC). If due and if the tokens are readily convertible assets, these must be paid before the crypto is paid to you. Tax and NIC paid on your behalf by your employer must be reimburse within 90 … Continue reading

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

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