Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now!
Ok Scooby
they state that HMRC taxes it. HMRC taxes the transactions made with it as it does when you make a transaction on anything.
It is not your duty to register as a business. as a consumer, you only need to submit a tax return in the UK when you change the coin into GBP or trade it for an item that has GBP value. Check with an accountant and quote the hell out of HMRCs brief http://www.hmrc.gov.uk/briefs/vat/brief0914.htm It is not a money printing machine. you still have to do things with it after "mining" to get value.
Customers must abide by UK law, not AT Law.
AT has not delivered after the 10 weeks they said they would. this is a clear bread of contract.
So when did you pay the 70%? then ten weeks from that date is when they should have shipped and they told us all they were not going to meet the deadline.
read these forums again this is nothing new and can be argued out. PM me and i can share with you my full Statement of Claim I am preparing.
but it would Help if you have paid in full 10 weeks or more ago. then there are other options to explore.
They think they will wriggle off the hook with us being businesses. I work with Homeless people everyday and this is a side thing. Yes it might make money. I hoped i would be able to trade the coins to break even but it was always something of a personal project and hobby. but they have not delivered.
Check out my post above too.
I am not a lawyer but happy to help if i can. if you are unsure about anything you need to consult a lawyer.
I just read Scooby's forms. Seems simple enough. I think we should help Scooby get this claim going as if it is successful it will start a snowball effect. I suggest we do it via PM. As Derekman is also doing the same I suggest you two get in touch. If you need another opinion please feel free to PM me with your ideas and strategies and I will be happy to help where I can.they state that HMRC taxes it. HMRC taxes the transactions made with it as it does when you make a transaction on anything.
It is not your duty to register as a business. as a consumer, you only need to submit a tax return in the UK when you change the coin into GBP or trade it for an item that has GBP value. Check with an accountant and quote the hell out of HMRCs brief http://www.hmrc.gov.uk/briefs/vat/brief0914.htm It is not a money printing machine. you still have to do things with it after "mining" to get value.
Customers must abide by UK law, not AT Law.
AT has not delivered after the 10 weeks they said they would. this is a clear bread of contract.
So when did you pay the 70%? then ten weeks from that date is when they should have shipped and they told us all they were not going to meet the deadline.
read these forums again this is nothing new and can be argued out. PM me and i can share with you my full Statement of Claim I am preparing.
but it would Help if you have paid in full 10 weeks or more ago. then there are other options to explore. They think they will wriggle off the hook with us being businesses. I work with Homeless people everyday and this is a side thing. Yes it might make money. I hoped i would be able to trade the coins to break even but it was always something of a personal project and hobby. but they have not delivered.
Check out my post above too.
I am not a lawyer but happy to help if i can. if you are unsure about anything you need to consult a lawyer.