Harvex have Crypto Tax UK Specialists inhouse and provide tax related services to traders, investors and corporate businesses.
Our services cover completing your self-assessment tax return, income tax return, corporation tax return and specialised tax advisory services.
Capital Gains tax vs Income Tax is a frequent crypto tax question. Harvex can advise how your digital assets should be taxed, and when.
Just one of the complete tax services available with Harvex.
At the best of times tax can be confusing, adding in cryptocurrencies and digital assets and things become a mine field. Do you own game assets that are tokenised? Have you won some crypto? Got an airdrop? All these things contribute to some very complex tax scenarios.
Since 2014, Harvex have been providing digital currency tax advice to individuals and companies. We are a leading specialist firm operating in the Cryptocurrency Tax UK and International sectors, providing cost effective solutions to clients of all sizes, but more importantly correct, reliable crypto tax advice.
Our Crypto Tax team are highly knowledgeable in the field. We’ve been providing advice and assistance from the early stages of Bitcoin through to the near mainstream adoption it has today.
As accountants specialising in this asset class, our experience covers a wide scope such as Cryptocurrency tax for Individuals and Companies, for traders, investors, Capital Gains on Crypto profits, tax relief on digital asset losses, VAT, bitcoin taxes and taxation on those accepting virtual currencies as a way of payment.
Owning, trading or accepting payment in crypto brings with it a whole new set of UK tax rules. As the world of cryptocurrency tax advances, Harvex have been at forefront of crypto tax related matters, advising clients in the UK, US, Malta and more.
As the legislation evolves we are aware that there is conflicting advice both on the internet and generally through different publications. Our chartered accountants and crypto tax advisors can explain the correct treatment and provide you with peace of mind that you will not be stuck with a tax liability in years to come!
Whether this is bitcoin, Ethereum, less known Altcoins or indeed tokens we can help.
We know how to account for everything from airdrops, to bounties, to forks, as well as trading and investments gains and losses. Additionally ICO’s / STO’s and even IEO’s (Initial Exchange Offering) are bringing new accounting complexities. We know how to solve these so our clients have reliable and correct accounting reports.
Profits from cryptocurrency are likely to be taxable, how much can vary. Explore Harvex’s personal tax services.
Harvex have extensive experience completing corporation tax returns for crypto companies in a range of sectors.
Harvex can explain the correct VAT treatment of all cryptocurrency, including sales, purchases, trading and more.
If you've lost money on crypto investments, then Harvex can use this to offset profits and therefor tax profits.
As with any business, if income is received (in any form) it should be subject to either Corporation tax, Income tax or Capital Gains Tax depending on the type of business and activity undertaken. There are a few acceptable ways to assess these gains and losses but these need to be assessed with due care to complete your self-assessment.
Harvex can help you tax plan so there are no surprises at the end of tax or financial year – if you have any questions please ask us!
In early 2018 there were many rumours and online stories about crypto gains being classed as tax free gambling winnings. Business related Cryptocurrency gains are not treated as Gambling winnings in the UK, this should not be used as an acceptable way to avoid tax. Harvex can correctly prepare your tax return for any crypto gains.
Depending on where you are a tax resident, you could find yourself in a crypto tax-free country. However, these jurisdictions are rare and you should not assume your digital asset is tax free income in your country. Harvex has an international presence and we can quickly assist you in the tax free status of your country.
Whether any profit or gain is taxable, or any loss is deductible the transactions will need to be looked at on an individual basis and will very much depends on a variety of specific facts. The relevant legislation will be considered and used to ensure the correct tax treatment is given.
Here at Harvex, we have the longstanding experience and knowledge to ensure your tax return is correct.
A lot of crypto advisors will have experienced this, with the value of the token increasing or decreasing. Harvex can tax this correctly.
Whether on a personal level or corporate level, if you are unfortunate to have crypto losses, Harvex can assist.
Some businesses issue invoices in cryptocurrency, Harvex will advise on the correct taxation.
If you’ve lent or received money in crypto, we can make sure you’re not incorrectly taxed on the transaction.
There are not many in the world of cryptocurrencies who understand the financial legislation and tax rules around digital assets like Harvex do. One of the first to form as a specialist accountancy business to serve crypto and Blockchain since 2014, Harvex set the standard for what is required when it comes to tax and accounting for these complex financial instruments.
We explore some of the most asked questions here as part of a crypto taxes FAQ.
Our answers come from hundreds of accounts and tax returns submissions spanning millions of dollars, thousands of BTC and thousands of miles as an international business.
As you can see from our FAQs, our knowledge is broad and we're able to provide expertise to almost anyone dealing with cryptocurrencies.
Here at Harvex we have worked with reports from almost every crypto exchange accounts. Send us your data and we can do the rest from analysis through to tax planning.
If you are holding an early stage crypto asset, the taxable value may be hard to define. Here at Harvex, we are used to dealing with crypto assets that are yet to list, and can inform you of the tax approach to use.
Let Harvex ensure you pay the correct taxes on any airdrops you may have received, whether traded, sold, or hodled.
Crypto bounty hunting is growing in popularity – if you are one of these people, get in touch with Harvex to understand your tax position.
Since we began working in Blockchain and Crypto in 2016, Harvex have been the perfect partners for everything to do with our finances. We're able to accept any currency, handle our FX and brokerage and they secured our bank account. Along with handling all our accounts and tax, we couldn't cope without Harvex.