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READ MOREBitcoin exchanges unable to claim tax returns on cryptocurrencies
Bitcoin exchanges will not be exempt from the UK’s digital services tax, according to HMRC, and are also not qualified as money.
Cryptocurrency exchanges have been informed that they are exposed to the charge, as the digital asset “are not financial instruments” which leaves exchanges unable to claim tax returns on them, The Telegraph first reported.
Read more at City A.M.
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