The Knowledge Centre

Introduction For many, cryptocurrency will be more associated with non-compliance than it is for compliance with the tax rules! This is unfortunate. Thankfully, the market has moved on as it has evolved and the majority of people in the industry will be aware of their tax reporting obligations. That said, there will still be those […]

Introduction HMRC have a number of formal Information Notices coming in a variety of different flavours. These may be issued either: following a failure to respond to an initial “formal” enquiry; or may be received by a taxpayer without any such prior notice. Types of Information Notice Information notices generally may be issued in the […]

Crypto Tax Under current UK rules, the general tax position on cryptocurrency is that it is the nature of the activities rather than the underlying asset that determines the liability to UK taxation – whether that liability is to Capital Gains tax, Income tax or Corporation tax, or whether any exemptions may apply. When is […]