UK taxpayers have until midnight Oct. 31 to file paper tax returns. Crediut: Peter Dazeley/Getty Image. Key Takeaways Crypto profits are subject to capital gains tax in the U.K. Investors wishing to file a paper tax return for 2024-2025 must do so before the end of October. Online submissions will still be possible after the Halloween cutoff. With HM Revenue & Customs (HMRC) ‘s key deadline approaching, U.K. taxpayers have until the end of October to file paper tax returns for the year ending Apr ...

Twitter (now X) co-founder Jack Dorsey called for tax relief for Bitcoin (BTC) transactions in the United States. On Oct. 9, Dorsey posted on X, “we need a de minimis tax exemption for everyday Bitcoin transactions.” The U.S. Internal Revenue Service (IRS) classifies digital assets as property, requiring individuals to calculate and report capital gains on every transaction, even for purchases as small as a cup of coffee. A “de minimis exemption” would remove this hurdle by allowing low-value transactio ...