Re:Revenue and Customs Brief 9: Bitcoin and other cryptocurr...
by riazrizvi on Sunday December 10, 2017 @12:54PM
(#15892519)
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.
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