02-16-2020, 11:55 AM
Who actually reports earnings in crypto ( uk resident here )
<!-- SC_OFF --><div class="md"><p>I know this is a grey area, and I even know people myself who have invested lots and not ever told HMRC at the end of tax year what they made in profits, I guess just in hope they don’t pull them up in it...... but should everyone be doing this, I’ve used a calculator and I don’t actually think I’ve hit over the threshold to officially report it. But with the bull market just around the corner I feel there will be 1000’s of people that don’t even know the law on this and probably will never have a single inkling about it</p> <p>Do any of you guys actually keep track of all spendings vs profits and transfers from crypto to crypto ???</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>I know this is a grey area, and I even know people myself who have invested lots and not ever told HMRC at the end of tax year what they made in profits, I guess just in hope they don’t pull them up in it...... but should everyone be doing this, I’ve used a calculator and I don’t actually think I’ve hit over the threshold to officially report it. But with the bull market just around the corner I feel there will be 1000’s of people that don’t even know the law on this and probably will never have a single inkling about it</p> <p>Do any of you guys actually keep track of all spendings vs profits and transfers from crypto to crypto ???</p> </div><!-- SC_ON --> Kind Regards R