Making money on cryptocurrency is a taxing matter

Simon Littlejohns, Friend Partnership
With bitcoin seemingly firmly on the business and financial news agenda, Simon Littlejohns, Head of Tax at Birmingham based Friend Partnership Limited, explains how cryptocurrency profits and losses should be dealt with for tax purposes. This is a developing area, and the Government and HMRC are struggling to catch up with the progress in this virtual market. At present the cryptocurrency market is unregulated, with transactions that are virtually - no pun intended - untraceable and undertaken by individuals and companies who ca... For the full story register now for free or login below...