anyone?

> Nice try Osborne.
I am not too good with politics, can you tell me what's on your mind?

> How come BTC is not a legal currency?. Its a currency.
looks like currency, but it's not (by EU and UK law) so it makes me headache as I am vat registered seller and I want to operate fully legal

> What I would do is list the item at xx BTC, but before putting it up I would have looked at the current
> exchange rate for GBP vs BTC and given myself a bit of favour on the exhange and then just account the
 > GBP value of the sale, and not the BTC value.

Sounds great with (for ex.) EUR, but I said BTC is not legal currency :/ (at this moment)

I COULD DO THIS only if some trade market would be considered as bank, where I can get a proof of exchange rate, but again - BTC is not legal currency....

> Wouldn't it work the same as any other non local currency?  Add the VAT % to the purchase.  Pay the tax in your local currency.

I do same thing with international payments, for example I can just create invoice in Euros or Dollars, is all legal, then I put exchange rate and pounds in my accounting (from date of purchase*), but the thing is BTC is NOT LEGAL CURRENCY :/ This is why I asked for sample invoice/company in UK who is dealing with BTC.

* please notice if I have bank in Germany and I received EUR I don't need to convert EUR>GBP in the same day which makes this case more complicated! (sales book vs cash book)

another thing is VAT which makes me headache when I think how to deal with it.

> I'm considering writing an email to Customs and Revenue about this and I'll see what they have to say about it but I'm not really expecting much.
Same as me, but Bitcoins are really new thing in law and taxation world so I wish you good luck

thanks but still i don't have answer how to put bitcoins in accounting

converting bitcoins to gbp have no point for me

If you guys wonder why there is no shops accepting bitcoins there is an answer.

Simply if you start messing with taxes all your business can be shut down in days, and there is no simple answer how to deal with bitcoins anywhere.

Found this:

  - https://en.bitcoin.it/wiki/Tax_compliance
  - https://en.bitcoin.it/wiki/How_to_accept_Bitcoin,_for_small_businesses

But I don't see answer there.

Let's say I have an VAT business.

I sold a laptop for 100 BTC.

How do I put it in accounting?

It's easy even with paypal, but how can I do it using BTC?

I am worried about accounting. If it's possible:

Can you show me SINGLE UK VAT BUSINESS WHICH IS SELLING GOOD FOR BTC? - and I don't mean company registered in costarica, any cheats etc. Just simple accounting for uk seller trading goods for btc

And - CAN YOU SHOW ME EXAMPLE OF VAT INVOICE USING BTC CURRENCY? IS THERE ANY EUROPEAN COMPANY WHICH DOES SUCH INVOICES?

Please mind I don't want any legal cheats.