3 too just got some ripple in my wallet 

Everybody here is probably one or more of the following I'm 1 and 2

1, invested into Bitcoin (time and/or money)
2, invested into litecoin (time and/or money)
3, invested into other altcoin (time and/or money)
 
Lots of people who have bought Bitcoin from me have not been a member of this forum, I think for the majority of average jo's who don't dig down into the nitty gritty about Bitcoin they are going to see Litecoin as
 viable alternative an indicator that crypto-coins could indeed be the future. I think this notion of Bitcoin only Bitcoin even if technically it would be the best course, is simply a short sighted view on crypto-coins progression going forward.

This isn't an issue where I'm trying to prove anyone wrong I sure hope your correct i should have contacted Hmrc a few months ago, I'm waiting on a reply from them.

After a disccussion an AML issue in December with HMRC Anti Money Laundering Supervision - they sought advice from hmrc policy team regarding bitcoins status they confirmed that at that time (late December 2012) they did not consider Bitcoin as either a currency or emoney.

We can call a Bitcoin anything but if there hasn't been a special policy put in place regarding bitcoins status how do you come to the conclusion it's zero VAT status ?.

Have you contacted HMRC ?, I need to ramp down all trades this week in order to keep under £77k. 3-4 months trading after April I could find myself in the same position again.

Good time to flip a few BTC to LTC ?

I'll throw my best GUESS out there - pullback next week to $18-20 range followed by 8 week consolidation phase then a strong rally to $45-50 range.

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(uk) I take it a UK exchange wouldn't be  "buying or selling" btc but bringing together both buyers and sellers.

If the exchange collects customers funds used to buy btc how does the exchange account for that money they receive, isn't it automatically viewed as "turnover" ?

The Question basically is what is vat applied to (when over the £77,000 threshold) as either an automated exchange or a manual buyer, seller of Bitcoin?

As I see it anyone buying and selling Bitcoin here in the uk needs to remain under the vat threshold, clearly Bitcoin+vat won't work. Does an exchange function so that only the fee is subject to vat?.

Hmrc have no policy regarding Bitcoin as a "currency" only at that point is it possible to trade without vat, operating more like a currency exchange or money service.

Of course nobody bought/buys btc as a speculative investment.

Anyone for Tea?

It has to be said my brain operates about 5 months behind 

I realise why there's heavy emphasis on the LTC/BTC ratio, if btc investors start taking profits out of btc into LTC the tables could turn, which could lead to a speculative bubble in LTC..... Anyone think this could happen? Any rich btc folk out there ready to pull the trigger on such a move ? Like they would say here of course 

Not that I'm saying speculative bubble are good for crypto coins but if anything they draw in media attention.

So I take it an altcoin miner only ever sells or keeps altcoins never buys- so altcoins must be being bought by non-miners ?

What I know about mining can be written on the back of a stamp, gpu' miners moving to LTC is this a certain event?  , and what is the result of such a move ? The argument that focusing on LTC is at the detriment of Bitcoin is this in fact whats happening also with LTC that other altcoins draw energy and momentum from LTC ?

Yes indeed   

Thought I would give it a go. There not going to be everyone's cup of tea