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Trying to meet the UK tax deadline in January 2023? Here’s what to do

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cointelegraph.com

With the Jan. 31 deadline for filing tax returns in the United Kingdom fast approaching, crypto investors who haven’t yet submitted their crypto tax returns are in a tight spot.

From figuring out how crypto is taxed in the U.K. to accurately computing net tax liability, it can be a perplexing and complex process for new investors.However, by following simple registration steps and using advanced crypto tax tools, U.K.

crypto investors can save a lot of hassle and file their tax returns online to avoid any late submission penalties.In order to be eligible to fill out self-assessment tax returns online, crypto investors will have to first register with HM Revenue and Customs (HMRC), the non-ministerial department of the U.K.

government tasked with the responsibility of collecting taxes.Self-employed individuals or sole traders need to register through their business tax account online, while those who aren’t self-employed need to use form SA1 and fill it out online.

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