Tax On Gambling United Kingdom

Tax On Gambling United Kingdom

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The proposal did not come through because of opposition from British tax authorities – Her Majesty’s Revenue & Customs (HMRC) – their argument being that Bitcoin transactions would be ‘single purpose vouchers’ and therefore entail sales tax, allowing players to land more winning combinations and increase their profitability.

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Tax On Gambling United Kingdom

Tax On Gambling United Kingdom

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Tax On Gambling United Kingdom
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