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What is the equivalent of W9 in the UK for cryptocurrency transactions?

avatarAhmed HussainDec 18, 2021 · 3 years ago3 answers

In the UK, is there an equivalent form to the W9 form used in the US for reporting income from cryptocurrency transactions?

What is the equivalent of W9 in the UK for cryptocurrency transactions?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, in the UK, there is a form called the Self-Assessment tax return that is used to report income from cryptocurrency transactions. It is similar to the W9 form in the US and is used to declare any taxable income, including income from cryptocurrency trading or investments. It is important to accurately report your cryptocurrency income on this form to comply with UK tax regulations.
  • avatarDec 18, 2021 · 3 years ago
    No, there is no specific form equivalent to the W9 form in the UK for cryptocurrency transactions. However, individuals are still required to report their cryptocurrency income and pay taxes on it. The Self-Assessment tax return is the form used for reporting all types of income, including income from cryptocurrency transactions.
  • avatarDec 18, 2021 · 3 years ago
    In the UK, individuals are required to report their cryptocurrency income on the Self-Assessment tax return. This form is used to declare all types of income, including income from cryptocurrency trading. It is important to accurately report your cryptocurrency income to ensure compliance with UK tax laws. If you have any doubts or questions about how to report your cryptocurrency income, it is recommended to consult with a tax professional or accountant.