Post
Topic
Board Bitcoin Discussion
Re: Crowdfunding legal costs for case at the EU Court of Justice about Bitcoin/VAT
by
franky1
on 21/08/2014, 21:15:32 UTC

So, the EU court will now decide exactly how to interpret the directive regarding Bitcoin.

bitcoin is "out of scope" of VAT

thats the simple answer, and i hope your team can acutely explain why, the UK tax office HMRC listened to reason and took on board details given to them. so if the EU system is similar where they have certain 'test' scenarios that help them to determine bitcoins scope, then they should come to the same results. so i hope your team knows what 'test' scenarios the EU tax department use on new inventions to determine if its VAT categorized or remains 'out of scope'.

goodluck, and do not be afraid to contact the tax offices and ask them millions of questions. they are not that bad