General Tax

How are profits made from trading cryptocurrencies taxed in the UK?

Recent months have seen high price volatility in the cryptocurrency market. But even JP Morgan boss Jamie Dimon has said that he regrets calling Bitcoin a “fraud”; now saying that he believes that blockchain technology is “real”. Cryptocurrencies and the technology that underpins them are here to stay in one …

How are profits made from trading Bitcoin taxed in the UK?

Recent months have seen high price volatility in the cryptocurrency market. But even JP Morgan boss Jamie Dimon has said that he regrets calling Bitcoin a “fraud”; now saying that he believes that blockchain technology is “real”. Cryptocurrencies and the technology that underpins them are here to stay in one …

tax return for day traders

Simple Assessment

The introduction of Simple Assessment means that HMRC will remove the need for certain taxpayers to complete a tax return. HMRC began the roll-out of Simple Assessment in September 2017 to two groups: New state pensioners with income more than the Personal Allowance in 2016/17; and PAYE taxpayers who have …