What Records You Should Keep for the HMRC

Do you need to keep detailed records for HMRC? Whilst one expects exchanges to keep a record of the transactions done, this is not usually the case; therefore, the responsibility to keep a detailed record lies with the taxpayer. All about HMRC record keeping and Following are the basic details one must keep:

• The exchange(s) used

• The kind of cryptocurrency asset involved

• The date of when the transaction took place

• Details of whether the crypto assets were bought or sold

• Details of the complete number of units bought or sold

• The complete value of the transactions done in pound sterling

• Details of the wallet addresses and bank statements of the transactions

Our experts at Crypto Accountants are ready to be your part-time or full-time crypto tax accountants in the UK to ensure you have all your details and records properly maintained to ensure a smooth process when it comes to calculating your crypto taxes.

To contact us, visit our website at: https://www.cryptoaccountants.live/.