Cryptocurrency Q&A
Does Revolut crypto report to HMRC?
Does Revolut crypto report to HMRC?
CryptoChieftainGuard
Sat Mar 30 2024
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6 answers
1249
Good afternoon, I have a question regarding Revolut's crypto reporting practices. I understand that as a leading financial institution, Revolut offers its customers the ability to trade in cryptocurrencies. However, I'm concerned about the tax implications of these transactions. Does Revolut report any crypto-related transactions to HMRC, the UK's tax authority? If so, what information is typically included in these reports? Additionally, are there any specific tax guidelines or regulations that Revolut follows when dealing with crypto transactions? Thank you for your time and assistance.
6 answers
Raffaele
Sun Mar 31 2024
The Lithuanian tax authority is responsible for collecting financial account information.
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Tommaso
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, provides a secure platform for trading cryptocurrencies.
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CryptoTrader
Sun Mar 31 2024
BTCC adheres to strict data protection measures to ensure the confidentiality of its users' personal information.
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KimonoElegantGlitter
Sun Mar 31 2024
This information is then sent to other local authorities in accordance with the Standard for Automatic Exchange of Financial Account Information.
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Elena
Sun Mar 31 2024
The Standard was developed by the relevant authorities to ensure transparency and accountability in financial transactions.
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