Bitcoins: a tax guide for UK businesses - inniAccounts

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Bitcoins: a tax guide for UK businesses

Bitcoins have exploded in popularity and are currently receiving a huge amount of attention. If you're using Bitcoins in your business, you may be confused about your tax position. In this short guide we'll give you the lowdown on Bitcoins and tax.

What is Bitcoin?

Bitcoin is a decentralised, electronic currency. This means it's not controlled by a...

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Website: https://www.inniaccounts.co.uk

Bitcoin taxation in the developed countries - No More Tax

In the recent years, there has been a steady increase of the use of virtual currencies (e.g., Ethereum, Peercoin, Dogecoin, Litecoin, and Bitcoin). Nowadays, they are widely used not only as payment methods, but also as investment instruments. Virtual currencies created a legal vacuum that was gradually filled with regulations.

In this article, we will focus on the taxation of Bitcoin (the most...

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Website: http://www.nomoretax.eu

Bitcoin to GBP Live Price Chart BTC to GBP Price ...

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Bitcoin Chart

Real-time Bitcoin price chart using volume-weighted average price (VWAP) for all the leading cryptocurrency exchanges. VWAPis the ratio of the value traded to total volume traded over a particular time horizon (usually one day).

If you want to see the Bitcoin chart in other currencies, please go to Bitcoin Ticker

What is the live BTC to GBP price?

Welcome to Bitcoin Rate,...

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Website: http://www.bitcoinrate.co.uk

How Bitcoin earnings are still taxable | Fin24

How Bitcoin earnings are still taxable

2017-12-14 19:30 - Lameez Omarjee

Johannesburg - Cryptocurrencies like Bitcoin are to be treated in the same way as capital realisation on assets, according to Dr Randall Carolissen, research head of the South African Revenue Service (SARS).

He was speaking at a briefing on the Tax Statistics 2017 report earlier this week.

During a question and answer...

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Website: https://www.fin24.com

Related topics : bitcoin income tax uk / bitcoin uk tax laws / bitcoin uk tax / buy sell bitcoin gold / use bitcoin to buy gold

HMRC guidance on UK tax treatment of bitcoin avoids ...

HMRC guidance on UK tax treatment of bitcoin avoids currency questions, says expert

The UK will exempt the creation and trading of bitcoin and other virtual currencies from VAT as a 'payment service', rather than a currency, HM Revenue and Customs (HMRC) has confirmed.04 Mar 2014

Europe

The announcement, which had been expected by the bitcoin industry following recent negotiations with HMRC , was...

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Website: https://www.out-law.com

Tax treatment of bitcoin - Taxation | Your partner in tax ...

After some understandable delays, HMRC announced the UK tax treatment of bitcoin in Revenue and Customs Brief 9/2014: Bitcoin and Other Cryptocurrencies.

VAT

The VAT treatment of bitcoin is provisional because it will depend on what the EU decides. HMRC state that acquisitions by mining are outside the scope of VAT because mining does not constitute an economic activity. Income received by miners...

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Date: 2017-12-20 05:08:09
Website: https://www.taxation.co.uk

where to buy bitcoins uk with paypal | Bitcoin Investment

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Date: 2017-12-09 00:37:14
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Should I let my customers pay in Bitcoin? | Daily Mail Online

The currency has rocketed in value since inception. To put this into context, if you had bought just £1.38 worth of bitcoin in May 2010 you would now be a millionaire . 

There's no regulation. It's not illegal but it's not considered legal tender in the UK. It operates without a government, central authority or bank managing transactions or injecting new bitcoins into the market.

The currency...

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Website: http://www.dailymail.co.uk

Top countries where Bitcoin is legal | AtoZForex

South Korea plans Cryptocurrency trading tax

Bitcoin is the word nowadays. However is Bitcoin legal or illegal? Today, we decided to go over the top countries where Bitcoin is legal. You can also learn about the top countries where Bitcoin is illegal .

AtoZForex - The digital currency Bitcoin is now at the peak of its popularity. Millions of users enjoy a variety of advantages provided by this...

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Website: https://atozforex.com

Revenue and Customs Brief 9 (2014): Bitcoin and other ...

other Bitcoin service providers

Background

Bitcoin is seen as the world's first decentralised digital currency, otherwise known as a 'cryptocurrency'. The advent of cryptocurrencies such as Bitcoin is a new and evolving area and determining their legal and regulatory status is ongoing. Cryptocurrencies have a unique identity and cannot therefore be directly compared to any other form of...

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Website: https://www.gov.uk

IS BITCOIN GOOD FOR BUSINESS? | Global Finance Magazine

As the bitcoin surge picks up momentum, corporate financial executives are wondering what it means for their business and how they can manage the risk of adopting--or not adopting--digital currencies.

Dismissed as either a fad or Ponzi scheme, cryptocurrencies remain an enigma to most businesses, but by ignoring them, they may be missing a huge opportunity. Global uptake is increasing, and new...

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Date: 2017-12-20 05:06:21
Website: https://www.gfmag.com