Batch Price 597.00000000
VAT 20% 0.49779857
this time you started it
let me try to put it this way: for VAT btc overall price cannot be used since one could say its 100 dollar and for another one it is 50 cent per btc and both are right. Meaning there is no other choice than to calculate 20% of that declared customs value.
This is correct.
only started because
I will also work in accordance the UK laws
I can't belive only declare "faked" value is legal
think this will go wrong one day....
I don't want make this GB bad. Please do not misunderstand.
My GB has long been closed so no "competition" or something.
I'm only interested in a basic solution of the whole problem.
Since I want to avoid any problems with customs
So i buy stuff for 100.000$ and pay with BTC.
Seller declare 5.000$ value
i pay only 0.2 * 5000 = 1000$ VAT
I don't think that customs follow this/your argument
for another one it is 50 cent per btc
Even if you bought cheap a long time ago.
The current market price is at > 100$
You would not sell for a fraction of it, right?
if I'm wrong -> PN
We have simply unresolved issues with btc payments.
But even for gifts the value of goods is taxed....