Client Login:

request anappointment

arrange a meeting with one of our experts today!

Search Our Site

Request an appointment
Branch finder

McLintocks News

Request a Callback >

August Insider

Government Overhauls Audit Regime

More than half of cryptocurrency investors have limited or no understanding of capital gains tax (CGT) and the associated tax liability on crypto transactions.

Understanding of CGT was mixed, with 34% of owners stating they had a good understanding, compared to 37% who knew little or nothing and 22% who were not familiar with it at all, according to research commissioned by HMRC.

Over two fifths (42%) of cryptocurrency owners were aware that they might be liable to pay when they bought goods and services with crypto, but only 45% thought CGT might be payable and 40% said VAT, according to HMRC.

Read More