Cryptio

Day: November 8, 2019

Crypto taxes in UK

Crypto taxes for businesses in the UK – A simplified guide

This article (Updated Nov 2019) simplifies the tax guidance on cryptoasset activities undertaken by businesses in the UK. We discuss pressing issues such as how to calculate your gains/losses, what accounting inventory method is recommended, how to account for payrolls in cryptos, and specific use cases such as DeFi lending products, cryptocurrency exchanges and mining companies. We have referred the new …

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