Taxation of cryptocurrency profits

If you have profited from crypto currency you may be liable to tax, depending on what activities you are undertaking – buying/selling/exchanging, trading, investing, mining, payment processing.

    • VAT

 

    • Corporation Tax (CT)

 

    • Income Tax (IT)

 

  • Capital Gains Tax (CGT)

as set out in this link.

HM Revenue and Customs tax treatment of income received from Bitcoin and other cryptocurrencies 2014

For more information contact Lennards Chartered Accountants 

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