Our online accounting services are accessible across the country for a set, budget-friendly monthly rate.

About Sepera Accounting

Our mission transcends the conventional role of ‘the accountant,’ who often focuses only on reminding you about tax returns, invoices, and crypto tax obligations. Our aspiration is to be a key member of your team and a reliable supporter of your business.

We are dedicated to transforming tax and accounting into accessible and engaging subjects, all while upholding the exceptional standards of quality we are known for.

Choose Your Plan

Monthly
Anual
Crypto Basic Package
£ 15 Per Month
  •  
Crypto Premium Package
£ 25 Per Month
  •  
Popular
Self-Employed Package
£ 20 Per Month
  •  
Limited Company Package
£ 70 Per Month
  •  
Tax Refund
30% of the recovered tax amount
  •  
Crypto Basic Package
£ 148 Per Year
  •  
Crypto Premium Package
£ 228 Per Year
  •  
Popular
Self-Employed Package
£ 180 Per Year
  •  
Limited Company Package
£ 800 Per Year
  •  
Tax Refund
30% of the recovered tax amount
  •  

To ensure precise reporting of your cryptocurrency income, we need to grasp the details of your trading endeavors, the nature of your transactions, and any airdrops or mining rewards you’ve acquired. Given the complexity of these factors, we recommend employing cryptocurrency tax software capable of importing transactions from multiple exchanges and accurately determining the tax owed on each.

Although our collaboration with Koinly is strong, you have the liberty to select the software that best meets your needs. After calculating your tax liability, you have the option to independently complete and submit your tax forms to HMRC, or you can rely on our expertise to guarantee the accuracy of your submissions.

CRYPTO TAX CALCULATOR

Please, choose TAX year:





*Please note that the calculation results are only estimates.

FAQ

Cryptocurrency tax is something new and can be confusing

We will help you understand how it works and what to expect if you are a trader, miner or both

Yes. Despite crypto transactions being in many cases anonymous, if you make money from trading, mining or exchanging crypto, you must pay tax.

There is no separate tax for crypto in the UK. In most cases, cryptocurrency is taxed in the same way as other investment assets – for example a gold. You pay tax on the difference between the price you sold the asset for and the price you bought the asset for. This tax is called a Capital Gains Tax. This rule applies to the majority of individual traders in the UK. In rare circumstances, HMRC might consider your crypto activity as regular financial trading, rather than investment, and tax it with Income Tax. That would apply to a person buying and selling a large amount of crypto on a daily basis for short term profits, but it is unlikely that any individual trader would meet the criteria.
Sometimes crypto might be taxed with Income Tax as other earnings, for example when you are paid with crypto for your work.

No. There is a tax-free allowance for Capital Gain Tax, which is £6000. If your profits are less than £6000, there is no tax to pay.

 

The financial year in the UK runs from the 6th of April to the 5th of April the next year. Profits made from crypto during this time, must be reported until 31st of January the following year. For example, for the year from 6th of April 2022 to the 5th of April 2023, you need to report your taxes to HMRC by the 31st of January 2024. You’ll declare all your crypto taxes in your Self Assessment Tax Return.

You report your crypto taxes in Self Assessment Tax Return. If you are self-employed or a company director, you probably fill this form every year already. If not, you must register for Self-Assessment and start filling it.

No, it is not obligatory to fill SA Tax Return if you made a loss or made a profit lower than Capital Gain Tax allowance, but we advise you to do so. Once you register capital losses with HMRC, you can offset them against any capital gains made from other investments in the same year or against profits made in the future. It could potentially reduce your tax in the future or even zero it. HMRC allows you to carry forward registered losses to offset future gains, but they must be registered with HMRC. You can carry forward registered capital losses with no limits, until they’re fully used. That is why, even if you’re not required to submit a self-assessment, you should still do this to make sure they’re registered with HMRC.

You can report losses to HMRC within 4 years. After the four-year period, you’ll no longer be able to register your losses and use them to offset future gains.

HMRC allows taxpayers to send a letter with information about losses made in a particular year. However it is always better to have confirmation of the losses being reported to HMRC. The best way to do this is to fill Tax Return, which can later be used as a proof of losses and used against future gains.

Yes. Any exchange of cryptocurrencies is treated as a disposal, and it is taxed. The good news is that you will only pay tax if you made a profit from such transactions.

For the purpose of Capital Gains Tax, all the following transactions are disposals:

Selling crypto for GBP
Selling crypto for another fiat currency.
Exchanging crypto for crypto
Exchanging crypto to stablecoins.
Paying with crypto for goods and services.
Giving crypto as a gift (excluding gifts to your spouse or civil partner).

Mining and staking are taxed with Income Tax and not Capital Gain Tax. You need to declare it as a additional income on Tax Return.

All UK exchanges share data with HMRC, including the information you provided when opening an account at crypto exchange or signing up for a wallet. In 2021 HMRC started to send letters to crypto investors urging them to report crypto income. In early 2022 Coinbase informed that its share information with HMRC about customers with crypto portfolio worth more than £3,000.

If both wallets belong to you, transfer between them is not taxed.