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