“Last month, it was revealed that HMRC had decided to classify bitcoins as vouchers, which meant that VAT would be due on sales involving the digital currency.  Today, members of the UK bitcoin scene visited HMRC today to speak with the government department about cryptocurrency.  Robinson said: ‘We started off by explaining bitcoin to them – a lot of the meeting involved educating them about bitcoin and what it’s actually used for.’  He went on to say that the department, after hearing this, said it would withdraw its previous guidance about bitcoin being a type of voucher.”

http://www.coindesk.com/hrmc-decides-rethink-tax-stance-bitcoin/

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