Topic: HMRC makes statement on Bitcoin in New Scientist - page 2. (Read 6360 times)
Man does anyone have a subscription to that site that could post the whole article? Great find.
That's good news!
Thought this was worth registering for...
"HMRC, the UK government's tax-colllecting body, says people do not incur a tax liability when trading in bitcoins as long as they do not turn their profits into regular cash. Once conventional money is involved, however, the income could become taxable, HMRC told New Scientist"
This is an excerpt from the weekly print edition of New Scientist which came out in the UK last week (date on edition 4th June) - it's largely positive, compares Bitcoin to Paypal and Skype, and has an interview with Andresen
Preview here but registration for the full article
http://www.newscientist.com/article/mg21028155.600-future-of-money-virtual-cash-gets-real.html
"HMRC, the UK government's tax-colllecting body, says people do not incur a tax liability when trading in bitcoins as long as they do not turn their profits into regular cash. Once conventional money is involved, however, the income could become taxable, HMRC told New Scientist"
This is an excerpt from the weekly print edition of New Scientist which came out in the UK last week (date on edition 4th June) - it's largely positive, compares Bitcoin to Paypal and Skype, and has an interview with Andresen
Preview here but registration for the full article
http://www.newscientist.com/article/mg21028155.600-future-of-money-virtual-cash-gets-real.html
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