It’s now even easier for U.K. users to file crypto tax returns
Following the launch of Crypto.com Tax for Canada, the U.S., and Australia, we’re excited to share that this service is now available to users in the U.K, starting with the 2020/21 tax year.
Crypto.com Tax makes it easy to file complicated crypto taxes at no cost. This service enables users to quickly generate accurate and organised tax reports, including transaction history and records of capital gains and losses, as well as other crypto-related taxable and non-taxable transactions.
Users can import crypto transaction records from over 20 supported exchanges and wallets by uploading a CSV file, or using API synchronisation with major platforms like the Crypto.com App. In a matter of minutes, Crypto.com Tax is able to provide users with an estimation of taxable gains/losses based on the share-pooling calculation method on relevant crypto transactions, which can then be downloaded for tax filing in the reporting format of their choice.
This service is tailored to meet U.K, tax requirements. We worked with professional tax advisers to make sure that the calculation logic is consistent with available guidance and laws for filing crypto taxes in the U.K.
Helpful Facts About U.K. Tax Rules
2020/21 Tax Year: April 2020 – April 2021
Paper Returns Deadline: 31 October 2021.
Online Tax Returns Deadline: 31 January 2022.
U.K. Tax Logic: Share Pooling
Remember to check out our U.K. Tax Rules guide for more information.
For general information about Crypto.com Tax, please refer to the FAQ or reach out to us via the in-app chat. We’re here to help.