Quote from: IsaacGoldbourne on December 06, 2013, 04:22:10 PM

Quote is from http://www.reddit.com/r/Bitcoin/comments/1s8zak/vat_on_bitcoin_uk_tax_authorities_change_their/

BitPrice just had a very positive meeting with HMRC regarding VAT and Bitcoin. We attended with Marc Warne of Bittylicious, Eitan Jankelewitz of Sheridans solicitors and Michael Parsons.
We explained in detail what Bitcoin is and how it is used, following which they agreed that their categorisation of Bitcoin as: "a face-value voucher... likely 'face value vouchers'" is inaccurate. They will be rescinding this advice.
This is significant because under that definition, VAT would be due on the sale of Bitcoin, making the use of Bitcoin largely unviable in the UK. HMRC are to take legal advice on exactly how Bitcoin should be treated with regards to VAT, but the meeting was very positive and I would expect further good news in the new year.
Tom Robinson, BitPrice www.bitprice.com[1]

i guess that explains my results from this post
https://bitcointalk.org/index.php?topic=360300.0

Thanks for the info dude..