UK To Cancel VAT On Bitcoin Trading – 3 March 2014

Posted: March 3, 2014 in One People's Public Trust (OPPT)

Of course they will! Even Bitcoin is part of the problem! How many times has it bit people’s’ ass and that equates to millions of $€£¥ (fiat currencies) disappearing from the bank so to say!

Lucas 2012 Infos

RT logo(Lucas : Oh they are so desperate…. skipping VAT but still getting Bitcoin regulated as if they are real money or banknotes…are you buying it? Mnt Gox and other incidents where not yet enough to make you see it is as risky as putting your “money” in the fiat currency system. The we are gonna create new ways of exchanging for sure. But not those still built upon the old systems and old quicksands of the past.)

Britain’s tax authority is to stop charging value-added tax (VAT) on Bitcoin transactions. It’s just a couple of days after one of the world’s biggest exchanges Mt. Gox collapsed, which has added to growing worldwide skepticism about the currency.

In a meeting with UK traders, HM Revenue & Customs said it would no longer charge a 20 percent tax on trades or margins of the controversial virtual payment method. Corporation tax and other…

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