Right so im going to start keeping detailed records of my Bitcion Income.
Not going to let the system scare me off this.
Anyone else about with any legal advice or ways I could protect myself.
Topic: Bitcoinminer + Limmited Company + Accountant = Police visit ? - page 2. (Read 2399 times)
Thanks rage
Right so im going to start keeping detailed records of my Bitcion Income.
Not going to let the system scare me off this.
Anyone else about with any legal advice or ways I could protect myself.
Right so im going to start keeping detailed records of my Bitcion Income.
Not going to let the system scare me off this.
Anyone else about with any legal advice or ways I could protect myself.
Any time the state can't 'follow the money' for taxing purposes, they like to bring up the 'we're just wanting to make sure you're not funding terrorists' line. It's crap, it's unfounded, and it's just another lie the state tells so it can justify (to the masses) having the ability to stick their nose into all of your financial affairs (for the purpose of keeping you safe, of course!)
While I am not a lawyer and certainly not an expert in the UK legal system, I'd say Bitcoin transactions are no more of a problem than cash ones. Document where every Bitcoin goes so you can 'prove' it if you're ever investigated. If anonymous money transfer isn't your goal, then avoiding a visit from the authorities *should* be fairly easy.
Rage
While I am not a lawyer and certainly not an expert in the UK legal system, I'd say Bitcoin transactions are no more of a problem than cash ones. Document where every Bitcoin goes so you can 'prove' it if you're ever investigated. If anonymous money transfer isn't your goal, then avoiding a visit from the authorities *should* be fairly easy.
Rage
Hope im in the right place I'm new to the forums and just got My JR Status \0/
So I have UK based Limited company its small but I’m building it up with hard work.
Anyway it results in me having spare power so I'm investing in mining rigs to help me out with cash flow as I’m starting out. <---- That and I love the bitcoin dream and want it to change the world but that’s for another thread.
My accountant just told me to expect a visit from the police and be prepared to prove that I’m not funding terrorism. That’s not cool because our UK terror laws could totally ruin my life (god knows how they got those laws even passed).
So this is the result of being upfront, honest, transparent and preparing to pay tax's on my bitcoin income?
I'm not allowed to copy his email here unless he gives me permission so will seek that next week and see if I can post it here.
Just wanted some views on this from other UK residents really.
EDIT: for speeling im horribad at it.
So I have UK based Limited company its small but I’m building it up with hard work.
Anyway it results in me having spare power so I'm investing in mining rigs to help me out with cash flow as I’m starting out. <---- That and I love the bitcoin dream and want it to change the world but that’s for another thread.
My accountant just told me to expect a visit from the police and be prepared to prove that I’m not funding terrorism. That’s not cool because our UK terror laws could totally ruin my life (god knows how they got those laws even passed).
So this is the result of being upfront, honest, transparent and preparing to pay tax's on my bitcoin income?
I'm not allowed to copy his email here unless he gives me permission so will seek that next week and see if I can post it here.
Just wanted some views on this from other UK residents really.
EDIT: for speeling im horribad at it.
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