Cryptocurrency tax is an area of growing concern for investors, traders and businesses as cryptocurrency and Cryptoassets become more popular.
This rapid growth has also attracted notable attention from HMRC, who are eager to ensure that all businesses, investors and traders are paying the correct amount of tax on cryptoassets. It is important that anyone active in this sector has their tax affairs structured correctly, in a tax efficient way, whist remaining compliant with HMRC. This will help to avoid any penalties and fines as well as unplanned tax bills.
As a relatively new area, cryptocurrency/cryptoasset tax rules are fast-moving, so it is important to keep abreast of the current and fast developing legislation. HMRC will look at the facts of each individual case in determining any taxable liability and its views may change as the sector continues to evolve.
The specialist team at Alexander & Co is experienced with dealing with the tax issues surrounding cryptoassets and cryptocurrency for traders, investors and businesses. We can ensure that your affairs are structured correctly, in the most tax efficient way and are compliant with HMRC. We are also able to help resolve any current HMRC investigations and by ensuring you remain compliant, minimise the likelihood of any future investigations.
To discuss how we can assist you please contact a member of our specialist team.