Pie partners with eToro details collaborative open banking features, capital gains automation, and automated investment reporting tools designed for UK investors and traders. The integration enables eToro platform users to export transaction histories and realised trading gains directly into Pie for real time tax estimation. Automated classification of dividend payments, stock sales, and crypto assets helps taxpayers calculate liabilities within statutory Capital Gains Tax (CGT) allowances of £3,000. Streamlining investment data transfers reduces error risks when completing supplementary schedules like form SA108 during annual tax reporting. Utilising Open Banking tax applications like Pie simplifies tax compliance by aggregating multi asset portfolios, calculating precise capital gains taxes, and submitting verified Self Assessment returns directly to HMRC.

Pie Partners with eToro

We’re proud to announce that we have signed a partnership deal with eToro, one of the world’s largest online trading platforms.

This new partnership means that Pie will now be able to provide tax services to all of eToro’s more than 1.6 million UK customers. It brings together two innovative, forward-leaning companies who together will be able to provide customers with a full range of financial services with just a few taps of their smartphone screen.

The partnership became possible due in part to a recent upgrade of the Pie app that now allows users to claim stocks and crypto as sources of income. The head of eToro’s tax compliance division was enthusiastic in his praise for Pie, stating the app was very impressive – a sentiment further strengthened by the app’s astonishingly quick success with the public, reaching over 12,000 downloads in only three months. Overall, the new partnership represents a positive step forward for both companies, and even more important, their customers.

This is also just the first step in Pie’s ever evolving offering, with more income types to come.

About Pie

The Pie app makes the business of understanding your taxes much simpler by providing a suite of easy-to-use tools including:

Automated Bookkeeping

With the Pie app, you can automatically import and categorise bank transactions, store expense receipts and identify deductibles. The end result is a tax preparation process that is much simpler, faster and more reliable and one that virtually eliminates the possibility of human error.

Fast & Effective HMRC Integration

Every year, millions of UK citizens fail to submit their taxes on time and end up having to pay the late filing charge. Because the Pie app is integrated with the HMRC system, you are able to handle the entire tax submission process, including payments, through the app in a fast and reliable manner. No more of the uncertainty that drives so many late returns.

Integrated Invoicing

Pie enables you to create and send digital invoices directly from the app, track payments, issue automatic reminders and collate all income information. With our innovative features, you can monitor income and expenses in real-time so there are no surprises when tax season rolls around.

Live In-App Support

No matter the efficacy of digital tools, there will always come a time when it will be necessary to speak with another human. Here again, Pie have you covered. We maintain a highly-trained team of tax assistants ready to answer your questions and address any concerns. That includes the ability to provide sector-specific advice that will help you rest easy when the time comes to submit your taxes.

The Pie app now allows you to claim crypto and stocks as sources of income, further simplifying and improving your ability to submit accurate, reliable returns on time! Don’t let tax anxiety get the better of you. Download Pie from the app store now!

What is eToro?

eToro are a multi-asset brokerage and social investment company with offices in the UK, US, Israel, Cyprus, Australia and elsewhere.

eToro provide an innovative trading platform that makes investing and trading a more social experience. The eToro social trading network enables users to follow the investment activity of other, more experienced traders, to learn from their successes and to better manage their own crypto, stock and ETF assets.

Manual investors will find eToro provide access to a vast selection of stocks, cryptoassets, commodities, currencies, ETFs and indices. By taking advantage of the state-of-the-art financial management tools eToro provide clients can easily track their investments and make new investments through a variety of financial instruments.

CopyTrader™

The eToro CopyTrader™ system takes social investing to new heights by enabling clients to follow the investment activity of other clients and, critically, to replicate those activities in real-time. This eliminates the kind of trepidation and uncertainty less experienced investors and traders tend to experience, and which often prevents them from making timely transactions that might benefit them.

Like the rest of the eToro platform the CopyTrader™ system is completely transparent, displaying relevant data for each client including crucial investing information such as gain percentage, risk score and the composition of the client’s portfolio.

eToro also provide their Popular Investor programme, a unique feature that enables the platform’s most successful investors to bolster their personal prospects by being paid for being copied. It’s a win-win for everyone involved.

eToro Smart Portfolios

eToro also offer their clients an innovative long-term investment vehicle they call Smart Portfolios. Smart Portfolios are created by thorough analysis of results from the top investors on the platform, or from tracking the performance of various financial assets using a predetermined market strategy. These are ready-made investment portfolios for those who prefer to cut to the chase.

The eToro Money App

eToro recently rolled out the eToro Money App. The Money App comprises a cash account and debit card that can be used to make and receive bank transfers. With the eToro Money App, you can make instant withdrawals or shop from anywhere in the world.

The eToro money app also contains the eToro Crypto Wallet, a leading-edge financial management feature that recognises a variety of crypto assets for trading purposes. The eToro Crypto Wallet offers iron-clad security for your digital financial assets and is an expression of the company's belief in a tokenised future.

The Start of Something Big

The partnership between Pie and eToro is an exciting development for investors and self-employed people everywhere, and helps to explain the widespread adoption of the Pie app by smartphone users who are downloading it in droves. But this is just the beginning. In the near future, Pie is expected to integrate Capital Gains income into the app and many more features are on the drawing board as you read this.