Technical tips from members

Cryptocurrency – explained

original

In this issue’s technical tips from ACCA members, Jason Steedman of Steedman Accountants explains what a cryptocurrency is, how HMRC views them, and the common misunderstanding that cryptocurrency trading is only subject to tax when it is converted back into fiat currency.

Here’s the HMRC crypto asset manual Jason mentions. 

PD04 - Jason Steedman