Michele
Sat Mar 30 2024
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7 answers
1952
Why won t my bank let me buy crypto UK?
I'm really puzzled. Why won't my bank let me buy cryptocurrency in the UK? I've heard so much about the potential of crypto, and I'd like to invest in it, but my bank seems to be blocking me from doing so. Is it because of some regulations or policies? Or is it because they don't want to be involved in the crypto industry? I'm just trying to understand why I can't make this investment through my bank. Could you please enlighten me on this matter?
amelia_harrison_architect
Sat Mar 30 2024
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8 answers
1460
What triggers an HMRC audit?
I'm somewhat curious about the workings of the HMRC audit process. Could you enlighten me on what typically prompts an HMRC audit? Is it a random selection, or are there specific factors that increase the likelihood of being audited? For instance, does the size of one's tax return, the complexity of their financial affairs, or past audits play a role? Also, are there any common red flags that HMRC looks out for during an audit? I'm trying to gain a better understanding of the audit process and how it works to ensure my own tax affairs are in order.
Andrea
Sat Mar 30 2024
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7 answers
1695
Are you OK with being paid in crypto?
I understand that cryptocurrency is a volatile asset, but it also has the potential for high returns. Given your expertise in this field, are you comfortable with being paid in crypto? What are the advantages and disadvantages of being paid in crypto for you personally? And how do you ensure the security of crypto payments?
CoinPrince
Sat Mar 30 2024
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7 answers
1166
What is the 1% rule in crypto?
Excuse me, could you possibly enlighten me about the so-called '1% rule' in the realm of cryptocurrencies? I've heard it mentioned in various forums and discussions but have yet to come across a clear, concise explanation. Could you please elaborate on what this rule entails, its significance in the crypto world, and how it might impact investors and traders? Thank you in advance for your time and expertise.
KabukiPassion
Sat Mar 30 2024
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7 answers
1827
Do you only pay tax on crypto when you sell?
So, I've been hearing a lot about cryptocurrencies lately, and I'm starting to get interested. But one thing that's been confusing me is taxes. Do you only pay tax on crypto when you sell it? Or do you have to pay taxes on it every year, like with other investments? And how does the government even know how much crypto you have? I've heard about people using crypto to avoid taxes, is that true? And if so, how does that work? I'm just trying to wrap my head around all this new and complex stuff. Could you explain it to me like I'm five?
