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Revenue and Customs Brief 9: Bitcoin and other cryptocurrencies (2014)

33 pointsby nunoferreiraover 7 years ago

3 comments

riazrizviover 7 years ago
So no VAT on cryptocurrency-service, cryptocurrency-cryptocurrency transactions, but yes VAT on cryptocurrency-goods. And standard rules on capital gains, income tax, corporate tax if you treat your bitcoin as an asset with a liquid price. ie you pay income tax whether you are paid in money or assets of equivalent worth. You pay cap gains on annual asset appreciation.
ionwakeover 7 years ago
Does this mean one has to pay Capital Gains or not?
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fuddcoinnover 7 years ago
Why are they concerned about being homogenous with EU rules when brexit was clearly voted for and said to be enacted and on the way?<p>More evidence of a &#x27;stall forver&#x27; plan for brexit.
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