I don't mind declaring the income you misapprehend my reason for wishing to not have regular payments into the account, it isn't about avoiding tax. My concern is having the tax man thinking i'm doing something illegal. I'm not but trying to explain bitcoin and all it involves does seem suspicious i'm sure.
See i'm not a tax avoiding bum, i'm a "wanting to avoid the hassle of being questioned and suspected of foul play" bum.
Fair enough, you shouldn't really worry, buying and selling bitcoins isn't much different to doing the same with the gold or silver market.See i'm not a tax avoiding bum, i'm a "wanting to avoid the hassle of being questioned and suspected of foul play" bum.
Just keep all your transaction records for at least 5 years, pay the tax and sleep easy at night. If the tax man comes knocking, you have all your paperwork to throw straight back in his face if foul play is suspected.