|
Title: Bitcoin as Private Money in UK Post by: nopara73 on January 17, 2014, 01:34:39 PM http://www.ibtimes.co.uk/hmrc-re-classify-bitcoin-private-money-1432718
Good news. Not only because the UK will consider the bitcoin as private money. It is good, because the country changed its view of bitcoin. It shows us that the countries can reconsider their standpoint in the positive direction. Title: Re: Bitcoin as Private Money in UK Post by: Gator-hex on January 17, 2014, 02:54:37 PM It's probably only so they can tax it.
But on the positive side that means courts/police will have to take your Bitcoin contracts/thefts seriously. Title: Re: Bitcoin as Private Money in UK Post by: BlockChainLottery on January 17, 2014, 04:24:03 PM Quote from: Alistair Charlton Doing away with double taxation Always better than double taxation.Explaining how bitcoin is currently treated as a voucher in the UK, Asquith told Coindesk: "If you went to Marks and Spencer for example, and bought one of their gift vouchers, you pay 20% VAT on that. When the voucher is used, the buyer has to pay 20% VAT on what they've bought. So vouchers are a form of double taxation." Title: Re: Bitcoin as Private Money in UK Post by: Lethn on January 17, 2014, 05:36:20 PM We need to see if the other news outlets will pick up on this, I'm more cautious now but it is good news :P I want to know whether this is all real though because we've seen bullshit articles before.
|