Re: [Antminer S1 Sales open] Price changes daily, now 1.16 BTC for 180GH/s
Crover - the HMRC declaration relates to sales / purchases / profits on bitcoin or other cryptocurrencies.
It does not relate to purchases of what at the end of the day is electronic hardware. This is no different than if you buy a PC or laptop whether from PC world (where the VAT is included in the price) or from abroad where HMRC require you to pay VAT on delivery.
Many ebay sellers undervalue / pretend they are sending a gift in order to avoid you having to pay VAT / duty on the product. Not only is this illegal, but you as the recipient are liable for any false declaration.
It may well be that due to the large quantity of Antminers being sent to the UK that HMRC have got wise to Bitmain undervaluing and told them to ensure the correct duty is charged or they will seize shipments, which I am afraid they are more than entitled to do.
I'm no fan of paying tax any more than anyone else but I'm afraid there's no easy way round it.
It does not relate to purchases of what at the end of the day is electronic hardware. This is no different than if you buy a PC or laptop whether from PC world (where the VAT is included in the price) or from abroad where HMRC require you to pay VAT on delivery.
Many ebay sellers undervalue / pretend they are sending a gift in order to avoid you having to pay VAT / duty on the product. Not only is this illegal, but you as the recipient are liable for any false declaration.
It may well be that due to the large quantity of Antminers being sent to the UK that HMRC have got wise to Bitmain undervaluing and told them to ensure the correct duty is charged or they will seize shipments, which I am afraid they are more than entitled to do.
I'm no fan of paying tax any more than anyone else but I'm afraid there's no easy way round it.
I stand corrected, misread the title and the page I now read has been edited it previous said related eg me thinking anything we buy with Bitcoins but then you could buy a car then import and yeah still pay the value of its worth.
But still Bitmain should ease on the EU Charges
Yeah I agree but there is ways for but 250USD is a high value 150USD was I would say a good cost price for a antminer at the time. UPS never had a problems with customs in my view as when Bitmain says EU the there is not a central customs for EU.