Bitcoinminer + Limmited Company + Accountant = Police visit ?
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 Im 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 Im starting out. <---- That and I love the bitcoin dream and want it to change the world but thats for another thread.
My accountant just told me to expect a visit from the police and be prepared to prove that Im not funding terrorism. Thats 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 Im 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 Im starting out. <---- That and I love the bitcoin dream and want it to change the world but thats for another thread.
My accountant just told me to expect a visit from the police and be prepared to prove that Im not funding terrorism. Thats 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.