images
0161 872 8671
tfd@dunhams.co.uk
11 Warwick Road Old Trafford
Manchester, M16 0QQ
Mon-Fri 9am - 5pm
HMRC reminds cryptoasset holders of tax obligations - Dunhams News Blogs

HMRC reminds cryptoasset holders of tax obligations


Posted on: 19-01-2024

HMRC reminds cryptoasset holders of tax obligations

Ahead of this month’s filing deadline for the 2022/23 tax return, HMRC is urging cryptoasset holders to check if they need to report transactions. Does this affect you?

HMRC reminds cryptoasset holders of tax obligations - Dunhams News Blogs

HMRC is concerned that individuals who sell or exchange cryptoassets may not be aware that they need to file a tax return, particularly as a charge can arise even if no money (in the traditional sense) is received. A return will be needed if capital gains, including any arising from transactions in cryptoassets, exceeded £12,300, or if aggregate disposal proceeds for the tax year exceed £49,200. HMRC says that you should check your position if you have made transactions involving cryptoassets, including:

If You Need any Help take a look at our Accounting Services.

HMRC reminds cryptoasset holders of tax obligations

In some circumstances, the receipt of cryptoassets may be liable to income tax, e.g. where received from an employer or from mining activity. You should refer to the online guidance accordingly.

If you would like any assistance with any of these points.

Please Call Us on 0161 872 8671

Scroll to Top