Question 1

Do I need to pay taxes on Bitcoin in the UK?

Accepted Answer

Yes. Cryptocurrencies are subject to both capital gains and income taxes. All your crypto to crypto transactions and all your token sales are subject to capital gains tax. Airdrops, staking and mining are taxed as income. For more information, clickhere.

Question 2

How to calculate crypto taxes in the UK?

Accepted Answer

You’ll need to separate all your transactions into capital gains transactions and income transactions. Then you’ll need to specify the buy and sell date of your assets. Finally, you’ll need to calculate the amount you’ll need to pay on Capital Gains Taxes and income tax based on your tax bracket. Accointing helps you do all this automatically.

Question 3

How can Accointing help me calculate my crypto taxes for the UK?

Accepted Answer

Accointing connects with all your wallets and exchanges, gathers your buy and sell dates and the cost basis for each transaction as well as the transaction type and by leveraging on a 30-day ruling, it is able to estimate your income and capital gains tax.

Question 4

How do I make sure that you’re keeping my information safe?

Accepted Answer

For API keys we explicitly ask for read-only access and encrypt this data as user-specific. The users can delete the whole account including all collected data at any point in time. The company headquarters is located in Switzerland, so our customers' data is correspondingly secure against legal queries. The system is ongoingly checked (among other things) for all points of the OWASP Top-10.

Crypto Tax Calculator

The UK Crypto tax calculator

How Accointing simplifies your crypto tax filing

Automatically classify and calculate your crypto taxes

Easily file all your crypto taxes in the UK

All relevant tax documents for the UK requirements:

Full tax report

Full data set export (.csv)

Accointing crypto tax advisor network

And some of our strategic partnerships in the UK

Learn how Accointing can help you with your taxes

How to use Accointing

How crypto is taxed

How to file crypto taxes in the UK

Accointing FAQ

Start filing your crypto taxes today