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Applying VAT to a currency seems strange in the first place, no wonder they are scrapping it. It's also possibly they've looked at the whole MtGox fiasco and th
by k-mcgrady 13y ago
Applying VAT to a currency seems strange in the first place, no wonder they are scrapping it. It's also possibly they've looked at the whole MtGox fiasco and thought it's no worth worrying about Bitcoin anymore and they rethink regulations when the outcome of the MtGox thing is known.
- matthewmacleod 13y agoI'm pretty sure that's the point though - the UK has not yet begun to treat Bitcoin as a currency, but as a voucher (for which VAT would be due.)