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    Author Topic: Bitcoin in the UK - future looks bleak  (Read 1057 times)
    miztaziggy (OP)
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    November 19, 2013, 04:12:10 PM
     #1

    Interesting article:
    https://www.scirra.com/blog/tom/4/bitcoins-uk-future-looks-bleak


    Quote
    HMRC (the UK tax agency) have clumsily labelled Bitcoins as 'Single Purpose Vouchers'. This means that VAT is due on them.


    Quote
    Some of these responses also indicate glaring misunderstandings of what Bitcoin is, hilariously the Bank of England wrote back to tell me "There have been no meetings held at the BoE attended by Bitcoin".
       Grin


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