FireFlyer
Sat Mar 30 2024
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7 answers
2055
Does crypto com report to hmrc UK?
I'm a bit confused about the reporting requirements for cryptocurrencies in the UK. I've heard that crypto assets might be taxable, but I'm not sure if this applies to me. Do I need to report my crypto transactions to HMRC? And if so, how do I do it? I'm not very familiar with this area, so could you please explain it to me in a simple and straightforward manner? Thank you!
EchoSeeker
Sat Mar 30 2024
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8 answers
1714
Do I have to report crypto losses?
Good afternoon, I have a question about crypto losses. I've been investing in cryptocurrencies for a while now, and recently, I've encountered some significant losses. I'm not sure if I need to report these losses to the authorities or not. Could you please clarify this for me? I'm a bit confused about the tax implications and whether or not I need to take any specific steps in the event of crypto losses. Thank you for your time and assistance.
BlockchainWizardGuard
Sat Mar 30 2024
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5 answers
978
How do I report crypto to HMRC?
Hello, I am a UK taxpayer and I have been involved in cryptocurrency transactions recently. I am a bit confused about how to report my crypto activities to HMRC. Could you please guide me through the process? I understand that cryptocurrency is a taxable asset, but I'm not sure what information I need to provide and how to calculate the taxable amount. Also, I'm curious about whether there are any specific tax rules or regulations that apply to crypto transactions. Thank you for your help!
Valentina
Sat Mar 30 2024
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8 answers
1683
Which crypto exchanges report to HMRC?
I'm quite curious about the crypto industry and its regulations in the UK. I understand that HMRC, the Her Majesty's Revenue and Customs, is responsible for tax regulations in the country. Given that, I'm wondering which crypto exchanges are required to report to HMRC? Are there specific criteria or thresholds that exchanges need to meet in order to be subject to these reporting requirements? Could you please elaborate on the reporting process and the information that these exchanges are required to provide to HMRC? Thank you for your time and assistance.
CryptoGuru
Fri Mar 29 2024
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5 answers
1042
Do you have to report crypto if you don't sell?
I've been hearing a lot about cryptocurrency lately, and it seems like everyone is talking about investing in it. But I'm still a bit confused about how it all works. For example, if I buy some cryptocurrency and hold onto it without selling, do I still have to report it to the government or pay taxes on it? Or is it only when I sell it that I need to worry about that?
