UK Cryptocurrency Tax Services

If you’re trading in crypto, and are looking for a specialist crypto accountant in the UK, Howlader & Co. are here to help.

We work with crypto investors, businesses operating on the blockchain, as well as creators of digital assets such as NFTs – and we pride ourselves on the breadth of our crypto accountancy service offering.

Unlike other crypto accountants, our team provides expert crypto accountancy knowledge minus the fees and jargon. Whatever your level of understanding of cryptocurrency and decentralised finance, we’re on hand to help. So, if you’re unsure of the tax obligations on your latest cryptocurrency profits, we’ll take care of it for you. 

Cryptocurrency Investments

In this fast-evolving space, UK crypto tax regulations aren’t always fully understood by investors and crypto businesses alike. With HMRC increasingly active in its monitoring of cryptocurrency revenues, it’s never been more important to review your tax affairs with an experienced crypto accountant. 

HMRC have been very clear in reminding those in crypto of their tax obligations. Pleading lack of awareness of UK crypto tax regulations won’t cut it – and the potential penalties are significant.

With a team of in-house crypto accountants, we are able to offer an unparalleled service when it comes to managing your crypto tax liabilities and other digital asset holdings.

Based in the heart of London’s financial centre, our ACA-accredited team is made up of former Big-Four Chartered Accountants and Chartered Tax Advisers – so you and your cryptocurrency gains are in very safe hands.

Use the contact form on this page to send an enquiry about our specialist cryptocurrency accountancy service and we’ll respond as soon as possible.

Do I need to report cryptocurrency on my taxes?

Don’t make the mistake of thinking your cryptocurrency activities are exempt from HMRC attention. In our four decades of experience, we’ve seen too many businesses hit hard due to poor tax planning and financial penalties. Blockchain businesses and individual cryptocurrency traders are no exception.

HMRC are now actively looking into crypto activity, so it’s never been more important to ensure cryptocurrency tax compliance.

Cryptocurrency trading is perfectly legal in the UK – as long as you report any gain to HMRC. Crypto trading or spending is subject to capital gains tax, which means you will have to pay tax on your profits.

But cryptocurrency tax law is not always clear. As crypto accountants in the UK, we’re able to advise on the confusing details around the implications of all your crypto activities. 

From buying and selling bitcoin and other cryptocurrencies, mining, arbitraging exchanges, margin trading and exchanging your investments for fiat currency, we can guide you through the latest regulations for this tax year.

We offer UK cryptocurrency businesses and investors in the UK all the services they need to stay compliant and successful, including:

• Crypto tax returns
• Crypto tax consultations
• Wealth management of crypto assets 

Cryptocurrency Tax in the UK – FAQs

Our crypto accountancy team often advise on the following crypto tax queries:

• Will I pay inheritance tax on my crypto assets?

When it comes to inheritance tax and crypto, HMRC put crypto assets (currencies, tokens, NFTs and more) in the same class as property. 

As such, you are liable to pay inheritance tax – and a conversation with a crypto accountant would be worthwhile to ensure this is appropriately managed.

• I’m paid in crypto – do I need to pay tax?

It is becoming increasingly common for employees in certain firms to, where possible, request their salary to be paid in crypto.

As with a fiat salary, you are liable to pay both income tax and National Insurance. Furthermore, once you dispose of the crypto currency (by trading at a profit  or converting into fiat) you could face a capital gains tax bill.

Unsure of the pros and cons tax-wise of being paid in crypto? Chat to our crypto accountancy team today.

• I’ve bought my first NFT – is it a taxable asset?

NFTs are a hot topic and we’re fielding numerous questions on the subject. 

Simply purchasing an NFT doesn’t have tax implications for the buyer. It’s when the NFT is disposed of that capital gains tax comes into play. 

Note: if you’re the artist or originator of the NFT, you may be subject to paying income tax on any sales.

• What historical crypto transaction records should I be keeping? 

You should be keeping records of all crypto transactions. On submitting a crypto tax return, HMRC may request various details including dates, quantity of tokens sold and remaining, as well as bank statements and wallet addresses.

Fear not, the beauty of the blockchain is this data will be available, and your dedicated crypto accountant can help you source everything you might need when it comes to crypto and UK tax. 

For more information don’t hesitate to speak to a specialist crypto accountant. Additionally, we have a number of crypto tax resources in our blog, including:

• A guide to NFTs and UK tax
• A guide to cryptocurrency tax in the UK
• A guide to commonly used crypto terminology

Head to our blog to read these and other crypto accountancy related content.

Crypto Accountants in the UK

Why choose Howlader & Co?

Not all accountancy firms have specialist crypto accountants in house – and certainly not many who can offer our affordable rates while continuing to maintain the highest standards of both service and professional accreditations.

Indeed, we consider our crypto accountants to be at the forefront of UK cryptocurrency accounting knowledge. Our passionate team are leading the way in this fast-growing sector, which was only recently in relative infancy. 

UK tax regulations and guidelines are constantly evolving. It’s vital to work with a crypto accountant whose finger is on the pulse – and our crypto accountancy offering continues to develop according to the latest output from HMRC. 

Therefore, it’s vital to find a crypto accountant in the UK who understands the latest developments in bitcoin, crypto and NFTs, and is as invested in the field as you are. Our crypto accountants are themselves crypto natives and can guide you on your DeFi journey.

What’s more, we’ve spent forty years helping people like you.

We pride ourselves on our unrivalled service – just take a look at what our clients have to say.

Contact us

Contact us today and take the hassle out of understanding cryptocurrency tax regulation.

If you have any questions about your situation or how we can help you, don’t hesitate to reach out to our friendly team of crypto accountants in the UK.

Your dedicated and passionate crypto accountant will tailor our service offering to your specific requirements. Rest assured, your crypto gains – and tax liability – are secure with Howlader and Co.

Get in touch

Give us a ring or message us on WhatsApp at 020 7488 3614, or complete the contact form below and we will get in touch.