The UK’s growing acceptance of cryptocurrencies is making it a great place to invest in the sector. However, it is important to understand that the industry is still new and largely unregulated. This means you may face challenges when trying to open a business bank account or secure funding. Traditional financial institutions may be wary of dealing with businesses that rely heavily on cryptocurrencies due to volatility, fraud and regulatory uncertainty. It is also worth remembering that you will be liable to pay tax on any profit you make from trading or investing in crypto.

High-potential crypto investments in the UK can be seen as a disposal of the asset, and is therefore subject to Capital Gains Tax. Selling for fiat currency like GBP is viewed as income, and so is taxed accordingly. It is important to keep records of all transactions.

UK’s Most Promising Crypto Investment Opportunities

Lending and staking are new ways to make money from crypto assets in the UK, and HMRC has recently launched a consultation on how they will be treated for tax purposes. Koinly will be participating in the consultation, and we will update this article as soon as we receive further guidance from HMRC.

Incorporating your crypto portfolio into a limited company structure can offer certain tax benefits for UK investors. It can also streamline long-term planning, and make it easier to transition ownership if necessary. However, running a company comes with ongoing compliance and administrative costs, including the expense of hiring professionals familiar with UK crypto regulations.

Whether you’re struggling to pay off debt or just need to set aside emergency savings, credit counselling services are available. There are both nonprofit and for-profit agencies, but it’s important to find a certified credit counselor who can provide you with financial education, review your budget and suggest solutions.

Best credit counselling services in Singapore will offer you a free session, and help you create a budget and develop plans to reach your financial goals. They can also scour your credit report to identify inaccuracies and help you improve your score. They may also recommend a debt management plan that will consolidate your debt into one manageable monthly payment. Credit counselors work with your creditors to lower your interest rates and lengthen the time you have to repay the debt. Unlike debt settlement companies, this arrangement doesn’t usually affect your taxes.

Top Benefits of Credit Counselling Services in Singapore

Some credit counselling services will charge a fee, though most are nonprofit and will charge a low or reasonable monthly service fee for the duration of your plan. Before you provide your personal information to a credit counseling company, check out the organization’s accreditation and certification, and read reviews. Avoid any counseling agencies that claim to have a “miracle cure” for debt, that are not transparent about their fees or that make exaggerated claims. They could be scams that are trying to take advantage of people in financial trouble. A legitimate credit counseling agency should also provide educational materials and workshops to help you learn better money management skills.

Best driving schools in East London to drive in one of the most vibrant, bustling parts of the UK comes with its own special challenges. From driving down Mile End Road to navigating around the Olympic Park, the best driving schools in East London are ready to help you master your skills and become a first-rate driver.

When choosing a driving school, try to find one that offers competitive prices for lessons. Some instructors may offer discount packages or bundles for learners who wish to take multiple lessons. This could be helpful for those who are on a budget or those who want to pass their test quickly.

Affordable Automatic Driving Lessons in East London: Learn with Ease

Some instructors are able to provide lessons at night. These may be helpful for those who have a busy schedule or are struggling to fit in lessons during the day. It is also a good idea to look for driving schools that are certified by the DVSA, which is a sign of professionalism.

Some of the best driving schools in East London are able to teach learners how to handle bus lanes, which can be intimidating for novice drivers. In addition, they can also help learners get comfortable with main roads and traffic flow. For example, the Rotherhithe Tunnel and Blackwall Tunnel can feel nerve-wracking for learners, but a professional instructor will help them learn to enjoy these experiences by building their focus and sense of control.