Cryptocurrency Tax Accountants


Blockchain assets present a lucrative emergent marketplace for those who are willing to invest. Wisteria can help you navigate the tax implications involved, ensuring you declare the right type and levels of tax to HMRC.

Let's talk!

Our extensive expertise in cryptocurrency taxation, coupled with our commitment to staying ahead of regulatory changes, ensures that your financial affairs are handled with utmost care and precision.

Navigating Cryptocurrency Investments and Tax Implications


At Wisteria we have specialist knowledge in this field and understand the practices involved in trading and acquiring crypto across the various marketplaces and exchanges. This coupled with comprehensive knowledge and experience as tax advisors, positions Wisteria as one of the leading specialists in this emergent field, keeping organisations and individuals safe and legally compliant.

Our services are tailored towards the exact nature of the client and the way they deal with blockchain assets. From corporate entities to individuals, the needs of each client can vary greatly.

Cryptocurrency Taxation: Expert Guidance to Navigate Regulatory Changes

It is important to keep accurate records of all cryptocurrency transactions, as HMRC has the power to investigate and assess individuals for tax liabilities, and penalties may be imposed for failure to disclose or inaccuracies in tax returns.

It is also worth noting that the UK tax treatment of cryptocurrency is subject to change as regulations and laws are constantly evolving. At Wisteria we are constantly on the pulse with these changes; able to provide professional advice on the tax implications of cryptocurrency transactions.

Blockchain Assets & Implications


In the UK, the trade of cryptocurrency and NFTs (non fungible tokens) is subject to tax, governed by Her Majesty’s Revenue and Customs (HMRC). As blockchain assets are considered a form of property, the buying and selling of crypto and NFTs is subject to capital gains tax, in the event that a profit has been made as a result of their value increasing since they were acquired.

Mining or earning cryptocurrency via another means is often considered a form of income and should be declared as such. As with any earnings minus your tax free allowance, this is subject to income tax.


Cryptocurrency & NFT Case Studies


Case Study 1:

Our team assisted an individual with a diverse cryptocurrency portfolio that spanned various online exchanges. They had disposed of some crypto assets, cashing out into standard currency, while others were converted into different cryptocurrencies, and some were simply held. We provided consultancy on the tax treatment of holding versus disposing of the investments, confirmed the pooling requirements for each coin held, calculated the capital gains tax, and assisted with declaring it to HMRC.

Case Study 2:

A client had become interested in cryptocurrency and started investing as a supplementary income alongside their full-time job. They were uncertain whether the money made from trading should be considered income or capital. We conducted a comprehensive analysis, cross-checked the badges of trade with the individual's circumstances, and determined whether to declare income or capital gains tax.

Case Study 3:


Our team worked with a corporate entity (PLC) that had various contracts and sponsorships with large cryptocurrency clients and well-known coins. Some sponsorship contracts were paid in blockchain assets that had been converted into others. We calculated the tax liability based on the cryptocurrency payments the client received and assisted in declaring the correct level of corporation tax for each invoice settled in crypto.

The hand that holds the phone

Cryptocurrency & NFT

Intergenerational Wealth Planning

Personal Tax services

Callum Danskine photo

FAQs

Personal

Client Feedback

This audit needed to be executed in a short turnaround time; all commitments were respected, and the execution was accurate thanks to the great efforts of the team. The professionalism of the team. Clear communication. Good initiative to have you in the office - accelerated and facilitated the process. Your flexibility is certainly a plus.

Brigitte Temmerman

Godiva Global Ltd

Thank you for your work and diligence in conducting the audit which was well received! Much appreciated and we look forward to working with you again in future

Nick Osborn

PeopleCert International Ltd

I want to take a moment to express my deepest appreciation and thankfulness to the Wisteria Team for your unwavering dedication and hard work. Once again, thank you for your collaboration and continuous support. Your efforts have been truly instrumental in our ongoing success

Sevta Chernysheva

DataArt Group

I appreciate the high quality of your work, timeliness of your responses to my questions, as well as attention to detail in everything you do. I look forward to working with you on other matters in the weeks and months to come

Igor Panshensky

Anti-Trust Advisory Ltd

You've been doing a great job of the bookkeeping and accounting work. It has all been handled promptly and efficiently

David Smith

Smiths Apps Ltd

You've been wonderful ... so helpful and happy to answer all my questions. I really appreciate it, couldn't have done it without you!

Anna Rogozinski

Clear 21 UK Limited

I received a great service from Wisteria – on time, on budget, and always friendly and helpful. I would definitely recommend them.

Nick Wheeler OBE

Founder & Chairman of CT Shirts

You are the BEST! Thank you so much! I should just sleep at night instead of worrying about stuff like this because I know you have it all under control

Sunita Patel

Senior Director at Gain Credit

They provide a great service, very precise, organised and all in a speedy time. We have no doubt our business is in good hands

Yuval Gonen

CEO of Synel Industries UK

Thank you for your amazing customer service

Sandra Molina

Personal Tax Client

Huuuge thanks for your help. You’ve often been our only steadiness in these frenetic and costly seas of fashion

Brooke Taylor

Director of Aganovich

See what other customers have to say!

Reviews

ACCOUNTANCY | PAYROLL | AUDITOR | BOOKKEEPER | ANALYST | NUMBERS | ADVISOR

ACCOUNTANCY | PAYROLL | AUDITOR | BOOKKEEPER | ANALYST | NUMBERS | ADVISOR

ACCOUNTANCY | PAYROLL | AUDITOR | BOOKKEEPER | ANALYST | NUMBERS | ADVISOR

ACCOUNTANCY | PAYROLL | AUDITOR | BOOKKEEPER | ANALYST | NUMBERS | ADVISOR

Request a call back

Please fill out the form below and we will contact you as soon as possible.
































Your personal data will be used to process your submission, support your experience throughout this website, and for other purposes described in our privacy policy.